RICS Global Real Estate Weekly: Further signs of recovery in U.S. housing market

06/12/2009 17:23

US housing market activity shows further signs of recovery Historically, the NAHB forward looking index has been a relatively good lead indicator of housing starts in the coming six months. That relationship suggests that starts will hover around 500,000 per month (seasonally adjusted and annualised) for the next few months, gradually trending upwards after that. Read the full report here. About RICS & RICS Americas RICS (Royal Institution of Chartered Surveyors) is the leading organization of its kind in the world for professionals in property, land, construction and related environmental issues. We help set, maintain and regulate standards and provide impartial advice to governments and policymakers. RICS has more than 100,000 qualified members who operate across 17 disciplines in more than 146 countries, supported by an extensive network of regional offices around the globe. www.rics.org To ensure that our members are able to provide the quality of advice and level of integrity required by the market, RICS credentials – AssocRICS, MRICS and FRICS – are only awarded to individuals who meet the most rigorous requirements for both education and experience, and who are prepared to maintain the highest standards of business practice and ethics in support of public interest. RICS Americas, based in New York and covering North, Central and South America and the Caribbean, has more than 3,000 members in commercial and residential development, construction management, brokerage, planning and finance, valuation and fine arts appraisal. Staff support these members from New York, Toronto and Chicago. For more information visit www.ricsamericas.org or e-mail ricsamericas@rics.org.