2015 Housing Forecasts
Bill McBride of Calculated Risk summarizes what 2015 will look like in the new home market according to a number of different sources including Goldman Sachs and Fannie Mae. General consensus seems to be modest improvements over 2014 with new home sales expected to run at a predicted range of 503K – 620K, single-family starts ranging from 728K – 802K, and price appreciation from 2.4% – 4.9%. These figures would seem to suggest some level of stability in the housing market in contrast to the relative volatility that has seemed to characterize the housing recovery thus far.
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