According to Reuters, the housing market began its long journey to recovery in 2012. In January of 2012, the housing market began to see an increase in housing starts fueled by rental property demands. January of 2013 proved that the housing market had picked up speed with companies planning to begin construction on approximately 3,000 apartment units. By late February, building permits reached a 4 1/2 year high with home prices expected to increase 3.7% from April-June. More here
