Housing Analysts Bet on 2016 as Standout Year
The housing recovery is likely to surge next year, as solid employment gains, low mortgage rates, and pent-up demand set the stage this year, according to the National Association of Home Builders 2015 Spring Construction Forecast Webinar.
“This should be a good year for housing, buoyed by sustained job growth, rising consumer confidence that is back to pre-recession levels and a gradual uptick in household formations,” says NAHB Chief Economist David Crowe. “We expect 2016 to be even better, due to a significant amount of pent-up demand and an economy that will be entering a period of reasonable strength and consistency.”
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