The housing market has fallen to such a low level that even the two years of double-digit growth—for 2012 and 2013—predicted by the National Association of Home Builders would still leave the market well below where it should be, says NAHB's economist, Robert Denk. NAHB thinks the demographics and fundamentals of the housing market call for 1.4 million housing starts a year, but the market has been stuck in the 400,000-unit range since 2009. NAHB predicts single-family housing starts will increase 17%, to 495,000 units, in 2012, and increase another 46%, to 723,000 units, in 2013. But these large percentage
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.