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ECONOMIC OUTLOOK

Fannie Mae Predictions for 2011

Thank you to AmericaHomeKey, Inc for sharing the following information from Fannie Mae:   Despite the still fragile housing market, Fannie Mae expects housing starts to triple by 2013. According to the agency's economic outlook, housing starts are predicted to increase 17.3% and hit 710,000 this year, with another 47% increase to 1.1 million in 2012 and another gain of 42% in 2013 to nearly 1.5 million. In 2010, there were about 510,000 housing starts....

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