April 29, 2015: Housing Recovery Slow and Steady in 2015, to Pick Up Pace Next Year
This Should Be a Good Year for Housing, with 2016 Expected to be Even Better
WASHINGTON — Solid employment gains, attractive mortgage rates, a growing economy, and pent-up demand will help keep the housing market moving forward throughout 2015 and into next year, according to economists participating in the National Association of Home Builders (NAHB) 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,” said David Crowe, NAHB chief economist. “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.”