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1987 housing outlook favors single family homes
Housing economists forecast 1987 will be strong for single family homes but weak for new apartment construction. Texas markets cool while frostbelt states like Ohio Indiana and Illinois show revival. NAHB forecasts 1987 starts at 1.63 million down from 1.83 million in 1986, with most decline in multi family projects as tax shelters end.
MENTIONED IN THIS ARTICLE
Texas
Ohio
Indiana
Illinois
New York
Austin
Dallas
San Antonio
Dayton
Akron
Chicago
National Association of Home Builders
David Jones
Lanston & Co
Lyle Gramley
Mortgage Bankers Association
Federal Reserve Board
Gramley
Jones
NAHB
James Christian
U.S. League of Savings Institutions
Timothy Howard
Federal National Mortgage Association
Lawrence Chimerine
Chase Econometrics
Chimerine
Kenneth Eskey
Scripps Howard News Service