Housing Starts Expected to Climb in 2011
New home construction is looking up this year.

During an economic update Wednesday at the International Builders' Show in Orlando David Crowe, chief economist of the National Association of Home Builders, projected single-family housing starts to rise by 21 percent in 2011, reaching 575,000 units.

The estimate is slightly more conservative than the Dec. 30 projection of 716,000 housing starts this year by Lawrence Yun, chief economist of the National Association of REALTORSĀ®. Both estimates assume sustained job growth, increasing U.S. population, as well as continued low interest rates driving construction.

Yun expects about 2 million jobs to be added in 2011. However, as NAHB presenter Frank Nothaft, chief economist for Foreclosure search in Kansas CityFreddie Mac, pointed out, 2011 got off to a slow start with nonfarm payrolls rising only by 103,000 in December. He called the figure weaker than expected.

Credit is another factor. Lending remains tight, but if it opens up with safe underwriting standards for creditworthy buyers, Yun says there would be a bigger boost to the housing market with spillover benefits for the broader economy. The 30-year fixed-rate mortgage is forecast to rise gradually to 5.3 percent around the end of 2011; at the same time, unemployment should drop to 9.2 percent, according to NAR.

Click image to find a foreclosure home in the Kansas City area.  Our search collects data from Realty Trac, the largest Internet source for distressed property.  If you need more details about a property you find, contact your RE/MAX Best Associate, we can help get the information you need.

Your search has brought you to Johnson County Kansas.  There are 5 major school districts in Johnson County, Shawnee Mission School District, Blue Valley School District, Olathe School District and the Desoto School District.  South of Olathe about 15 minutes in the fast growing Gardner Edgerton School District.  We are happy to provide information about specific interests or programs.


Stonegate homes for sale in Kansas City