Official figures have revealed that there are good chances that the housing construction will rebound over the current year from a severely depressed level it had hit in 2009, but the market is still highly fragile and foreclosures are continuing to rise.

As per thoughts shared by David Crowe, Chief Economist of the National Association of Home Builders, builders are most likely to start construction of 610,000 single-family accommodations this year, which is a 38% rise as compared to last year. The NAHB is all set to meet this week for its yearly convention.

The positive forecast also assumes that the total number of American jobs will start rising again starting from the year's second quarter. Housing starts, however, will definitely remain much below the 2005 peak of 1.7 million constructions.

Mr. Crowe has also cautioned that the country's housing sector will continue to be "tenuous", mainly because the foreclosures are still increasing.

In order to effectively deal with the problem of foreclosures, many house builders are now primarily focusing on construction of low cost residential properties.