Article posted: 2/9/2013 5:00 AM

New housing starts expected to rise

New housing starts expected to rise

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Construction of new homes picked up steam last year throughout the Chicago region. A recent study says housing starts were up nearly 32 percent.

Photos Courtesy of D.R. Horton

Area builders like D.R. Horton are expecting stronger sales in 2013.

Low mortgage interest rates and a drop in the availability of resale homes have helped to spark new construction.

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Residential construction in the Chicago area is seeing "fairly healthy growth, especially when you consider that housing starts in 2012 were up 31.9 percent over 2011," said Chris Huecksteadt of Metrostudy, a leading provider of market information to the housing, retail and related industries. "This was the first year-over-year increase (in housing starts) we have seen here in five or six years," he said.
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    • Construction of new homes picked up steam last year throughout the Chicago region. A recent study says housing starts were up nearly 32 percent.
    • Area builders like D.R. Horton are expecting stronger sales in 2013.
    • Low mortgage interest rates and a drop in the availability of resale homes have helped to spark new construction.
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