Many have questioned the stability of certain sectors of the U.S.
Economy, one section in particular is the housing market. Today we would
like to share how the experts feel about how we ended 2015 and where
they think we are headed in 2016.
“Overall, a resilient U.S. economy and very solid job
growth in recent years made 2015 a great rebound year for the housing
Existing-home sales were at the highest pace (5.26 million) since
2006 (6.48 million) and the Pending Home Sales Index came in at an
average of 108.8, the highest annual reading since…you guessed it: 2006
“With the December report on housing starts and
permits, preliminary totals for 2015 are now available. Total housing
starts at 1.11 million were up 10.8% in 2015 compared to 2014.
Single-family starts were up 10.4% to 715,300. All four census regions
also experienced increases in single-family starts for 2015.”
“All indicators point to this spring being the busiest since 2006… Demand for for-sale housing will grow and will continue to be
dominated by older millennials, aged 25 to 34. This demographic has the
potential to claim a third of home sales in 2016 and represent 2 million