existing home sales

CAMBRIDGE, MA — As the U.S. economy continues to recover from the impact of…

Housing Stagnant, Though Growth is Foreseen

Access to credit coupled with continued uncertainty among both consumers and homebuilders continue to stunt growth in the housing market and related kitchen/bath industry, experts are saying.

The nation’s housing market, despite some positive fundamentals such as favorable affordability, continues to languish under the weight of consumer uncertainty and sluggish economic growth.

The nation’s housing market continues on its slow, unsteady path toward recovery, with the spring home-buying season expected to provide a boost to both sales and new residential construction, analysts said last month.

Upward Trend Continues for Housing

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.

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.