Two major economists expect big gains in housing in 2012. David Crowe, chief economist at the National Association of Home Builders, published his forecast calling for a 17% increase in housing starts overall and 17% increase in single-family starts as well. Crowe anticipates a “significant increase” in new home sales in 2013.
An even more optimistic view is from Moody’s Analytics, as published by Julie Schmit at USA Today. Moody’s predicts that “existing home sales will rise 12% this year, and new home sales, coming off a horrid year, will jump 74% this year.”
Moody’s is upbeat about single-family housing starts, forecasting that “they will rise 37% this year, after falling 9% last year.”
The preceding thumbnail recaps were compiled and reported by Calculated Risk, a noteworthy finance and economics analyst firm, via their blog at calculatedriskblog.com.
Are you bullish or bearish on this year’s projected housing trends? What do you think of the projections of the analysts?
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