new home sales

The nation’s housing market is expected to witness gradual improvements in 2011 as an economic recovery takes hold and consumer confidence continues to rise, most analysts are reporting.

Consumers are starting to give themselves “permission to dream” about buying a new home again, and for the first time in several years – since the onset of the recession – are “actually considering houses that are slightly larger than their existing homes.”

The New Year is underway, amid growing evidence of a modest recovery in 2011 for both the housing and the kitchen/bath markets.

Modest Housing Uptick Seen as 2011 Unfolds

The housing market continues to demonstrate signs of gradual improvement, although the path to recovery is likely to be long and rutted with challenges, according to analysts.

Signs continue to point to a modest, fragile recovery for housing in 2010, with sharp differences in local markets and overall growth thwarted by a continued sluggish job market.