All signs point toward growth in the residential construction industry for 2015, almost. According to a recent Builder magazine article:
The primary driver behind a promising 2015 for single-family construction and sales is that we are due. New and existing home sales have advanced since their trough in 2011, but at a relatively slow rate given the depth of the collapse. When the final numbers are in, 2014 new-home sales will still be only half their normal level without accounting for all of the pent-up demand.
Article author, David Crowe Chief Economist NAHB Washington, D.C., also notes that falling energy prices are another positive, but forces likely to hold back growth include credit and tight mortgage standards, and shortages in both land and workers.
