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Robert Dietz at NAHB Dietz notes that the months ahead could show volatility as a result of the storms.

WASHINGTON, DC—Regardless of whether Hurricane Harvey or Irma was as devastating as each storm could have been for its region, the fact remains that both will have a near-term impact on the residential sector, and not only in the states of Texas and Florida. “The three-month average for single-family production has reached a post-recession high, but the months ahead may show volatility given that the building markets affected by Hurricanes Harvey and Irma represent about 14% of national production,” says Robert Dietz, chief economist with the National Association of Home Builders, commenting on federal data released Tuesday.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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