There is an interesting dynamic in the housing market right now. Overall housing construction has hit a record low — even though there has been a bit of a rebound in single-family home construction. The reason for this lower construction number is due to the fact that apartment building construction has dropped dramatically, outweighing the single-family home construction.

This news is rather disappointing, since analysts had expected the housing construction and permits to rise. However, this has not happened, and that is putting a bit of a damper on economic recovery hopes. The data isn’t as bad as it could be — economists cite the single-family construction improvements — so it probably doesn’t mean that hope for recovery is over.

Indeed, this news will probably serve to help keep home prices low, prompting more buying, and encouraging efforts for home purchase. Eventually, all of the incentives to buy a home will result in a housing market recovery.