This week will be an especially interesting one for the housing market, with several key reports being released – including the January builder sentiment index, December housing starts and building permits, and existing home sales numbers.
A new article from Bankrate theorizes that these continue to be interesting times for the housing market, which has been through a boom, bust and recovery. Most recently, we’ve seen rising home prices and a decline in mortgage interest rates.
Will this be the year that new home sales post a double-digit gain? Two of the nation’s leading economists think so. But even if 2015 is big for home-selling, homebuilding would remain well shy of its pre-recession peak.
Both new and existing home sales are expected to rise this year, with the biggest change anticipated in the housing numbers for new home sales. David Crowe, chief economist for the National Association of Home Builders, forecasts a 30 percent increase in new home sales.
