BUILDER sister company Metrostudy has released its first quarter 2015 Home Building Outlook, forecasting relative strength for new home construction and sales for the remainder of the spring season and into the summer.
The report singles out Denver and Austin as two of the best overall new home markets, based on the health and new home sales forecasts in both cities. And the southern U.S. dominates in terms of sales volume, with the largest new home markets expected to be Houston, Dallas and Atlanta.
The report asserts that U.S. Housing Starts are expected to hit 1.1 million this year, with 715,000 of those being single family homes. Multi-family housing starts are expected to increase to 385,000 as the rental market continues to exhibit strength.
New Home Sales are expected to increase 18.8% to 519,000 this year, up from 437,000 in 2014.
