According to a report made by a popular news magazine, newresidential construction projects increased by 22.7% during the month ofNovember in 2013, which is considered by experts as the highest one-monthimprovement until today. But why bring this old news now? Frank Owens Limitedsimply wants to highlight the "revival" of the homebuilding industryworldwide. It is a strong testament that shows the crucial significance of thisindustry in every community.
Experts say that it is just a matter of time before it ends upwith a steady and stable performance, and this is definitely good news to the individualsand companies involved in this industry. There was even a prediction based onthe expected economic recovery, saying that it could result in an increasednumber of houses – from 300 to even half a million around the world. Because ofthe growth in this industry, other predictions say that the economy would beginto take advantage of this as real estate and residential building prices wouldbecome higher.
This year has no difference because experts still have highexpectations for this industry, thus they create more predictions and many ofwhich claim that there will be a sustained gradual growth in homebuilding forthe following years. Based on a study reviewed by Frank Owens, Ltd., this is based onthe recent improvements in the employment and economic sectors, as well as theaffordable prices for housing and reasonable mortgage rates.
However, the growth in this industry still depends on theavailability of land, labor, and materials even if there is an apparentincrease in jobs. These important elements also need to keep up with thegrowing demand. Other predictions for 2016 also include a 20% sales growthbecause of more than 10% increase in the single-family homebuilding. Thisparticular prediction is based from the "post-crisis" of housing marketalong with the current steady position of the home-ownership trend.
Frank Owens, Ltd. doesn’t let a single trend in the homebuildingindustry slide because they make sure that they are always updated. The companyfully understand the aspects that could affect the industry, thus they providegreat service through recruiting reliable key personnel because they know thatevery industry needs executives that can provide technical and managerialskills to keep their respective businesses in good shape.