December Data Bodes Well for Housing

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.

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Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

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