December Data Bodes Well for Housing
Single-family building permits, housing starts and new home sales all posted strong numbers in December in an indication that the new home housing market is headed on a sustainable upward trajectory. While the recovery has been uneven thus far, the positive December data combined with a number of factors including pent-up demand, increasing consumer confidence, continued low mortgage rates, loosening credit standards, low oil prices and an improving economy all point to a potential breakout year in 2015.
About author
You might also like
Los Angeles Home Market Hitting High Notes But Tempo Slowing
By Edward Fitz “Don’t Worry, Be Happy . . . ” Bobby McFerrin wrote and sang those rosy words, and created a No. 1 hit in 1988. And those same
Millennial Home Buyers Send a Chill Through Rental Markets
Rising home-ownership is adding to the jitters in the residential rental market.
