NAHB projects home sales will speed up in 2015

Current trends give home builders enough confidence to move forward

November 3, 2014
NAHB, 2015 projection, optimism, confidence, housing market, increase

Single-family housing production will speed up in 2015, economists said during NAHB’s 2014 Fall Construction Forecast Webinar.

 

The economists say low mortgage rates, rising household formations, and a growing economy paired with pent-up demand will boost single-family housing production in 2015, Florida Realtors reports. Steady job and economic growth will allow trade-up buyers who have delayed home purchases due to job insecurity to enter the marketplace. Because of this, NAHB Chief Economist David Crowe says “single-family builders are feeling good. They are not overly confident, but confident enough to keep moving forward.”

 

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