Sunny Statistics Suggest a Strong 2018 for Housing Markets – Are Your Signs Out?
This year’s 2018 Housing and Economic Outlook News Conference featured three prominent economists, led by the NAHB’s chief economist Robert Dietz. They delivered the numbers from NAHB’s most recent surveys and economic models, along with the credit market reports and their respective impact on builders and remodelers, with predictions for the next 24 months.
The panelists, including Dave Berson, Chief Economist at Nationwide, and Frank Nothaft, Chief Economist at CoreLogic, a research firm, generally agreed that robust growth will continue, predicting 5% growth in single-family starts and continued strong demand in residential remodeling. They also forecast multifamily starts will level off this year, rather than continue the downward plunge experienced in 2017. [Read full article]
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