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Major housing markets such as Northern Virginia, Indianapolis, Minneapolis, San Diego and San Francisco are poised to see their home prices begin rising three to four points faster than the rate of inflation, a trend that will last for the next few years, according to Mark Zandi, chief economist with Moody’s Analytics.
Among panelists participating in the upcoming NAHB Spring Construction Forecast Webinar, Zandi recently told Fortune magazine that he expects to see single-family housing starts climb to a seasonally adjusted annual rate of 700,000 this year — which will almost feel like a gallop compared to the total 470,000 single-family homes started in 2010.
Zandi will expand on those thoughts during the upcoming NAHB webinar as he reviews his forecast of what’s ahead for an industry now emerging from one of the toughest stretches in generations.
(For a surprisingly sunny forecast on the housing recovery from Fortune, click here to read a previous story in Nation’s Building News.)
Accompanying Zandi to provide up-to-the-minute housing numbers and market trends will be David Crowe, NAHB’s chief economist; and Robert Denk, the association’s assistant vice president for forecasting and analysis.
Panelists on the webinar will address such key issues as when builders will start seeing a softening of restrictive lending, where the trend in short sales and foreclosures is heading, what’s in store for some of the nation’s most distressed housing markets and what’s ahead for building materials prices.
The fee is $29.95 for NAHB members and home builders associations and $49.95 for non-members.
For more information and to register, visit www.nahb.org/cfw.