Smoke: Increase in Home Starts Give Middle-Class Home Buyers a Chance

May 20, 2015

According to Realtor.com Chief Economist Jonathan Smoke, the 20.2 percent housing start increase from March to April might loosen up the tight market.

“This increase in single-family starts in April should bode well for a significant increase in new-home sales in April as well,” Smoke said. “We should see stability in multifamily but a return to growth in single-family that outpaces multifamily.”