HOUSTON (Houston Business Journal) – Metrostudy President Mike Inselmann predicts 2012 will bring about a 10 percent increase in both single-family home starts and existing home sales in Houston.
Speaking Wednesday at the 2012 Houston Housing Forecast, Inselmann predicted the number of home starts will rise from 18,000 in 2011 to as much as 20,500 this year.
He also also predicted sales of existing single-family homes will increase by at least 10 percent, rising from 2011’s 54,000 to as much as 59,400 this year.
