Housing industry looks past December to the year ahead
from By Michael J. Berens
Housing activity across the board slumped in December as the industry continued its pattern of waxing and waning growth. Despite the decline, final estimates show the industry came out ahead for the year. Forecasters are optimistic that growth will trend upward in 2018, but caution it may not be until the second half of the year that activity will begin to accelerate. Due to weather and the holidays, December historically has been a slow month for the housing industry.
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