WASHINGTON, DC — Elevated mortgage rates, high construction costs for building materials and weakening…
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 nationâ€™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 nationâ€™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.
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.
A steady recovery is gradually taking hold across most sectors of the residential construction industry, including the kitchen/bath market, the latest economic figures reveal.