flexiblefullpage - default
Currently Reading

Experts' Housing Predictions: 2019

billboard - default
Market Data + Trends

Experts' Housing Predictions: 2019

January 7, 2019
Housing forecast for 2019_housing experts weigh in_image: front door with wreath
Photo: Unsplash/Jez Timms

With the start of the new year, seven housing and real estate experts are weighing in on what's in store for the the market in 2019. 

While National Association of Realtors' chief economist Lawrence Yun anticipates stable, or flat home sales and slowing price appreciation to continue, Realtor.com researchers anticipate a 2 percent drop in sales. Due to the shortness of for-sale inventory, the real estate platform's chief economist Danielle Hale tells The Washington Post, "we don’t expect a buyer’s market on the horizon within the next five years.”

The National Association of Home Builders expects new-home sales to be roughly the same in 2019 as they were in 2018, about 628,000, and that single-family construction will grew by almost 2 percent from 2018 levels to 900,000 units. NAHB chief economist Robert Dietz says there is growing activity in townhouse construction, an affordable single-family option, “The market has been moving away from higher-end, higher-priced, larger homes over the last two or three years to more entry level,” adding, “Our surveys show we’ve gone from a new construction market that had been less than 20 percent dedicated to first-time home buyers to now closer to 30 percent, which is closer to historic norms.”

A year ago, several experts predicted the new tax law would cause a slowdown in the housing market. So far, the limitations on mortgage-interest and property-tax deductions haven’t had a negative impact. Instead, rising mortgage rates and home prices are doing more to put a damper on the market.

Economic uncertainty brought on by global trade tensions, stock market volatility and the government shutdown also isn’t helping. In this environment, potential homebuyers can be reluctant to make a large purchase such as a house. The last sustained government shutdown in 2013 saw a slump in home sales.

Read more

leaderboard2 - default

Related Stories

Market Data + Trends

Exurban Areas Saw Most Growth in New Construction During Q3

NAHB's latest Home Building Geography Index shows exurban areas had the largest increase in market share for both single-family and multifamily construction

Labor + Trade Relations

Labor-Shortage Headwinds Continue for Construction

Jobs report shows construction still faces a wide margin between available positions and the supply of workers to fill them


NAHB CEO and President Jim Tobin's 2024 Housing Outlook

From affordability to homebuyer trends, Tobin offer insights into the future of the housing market

boombox1 -
native1 - default
halfpage2 -

More in Category

Get your sales and marketing teams together to create and deliver a consistent brand message from start to finish

Pundits may not agree on the timing nor the severity of the next economic downturn, but one thing’s certain: these 10 essential tactics will boost your business' efficiency, productivity, and profit

A closer look at what’s propelling the adoption of off-site construction methods in home building

native2 - default
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.