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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