How did we do in 2015?
The National Association of Realtors
“Overall, a resilient U.S. economy and very solid job growth in recent years made 2015 a great rebound year for the housing market.The National Association of Home Builders
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 (111.7).”
“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.”
What can we expect to start 2016?Jonathan Smoke, Realtor.com Chief Economist
“All indicators point to this spring being the busiest since 2006…~The KCM Crew
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 home purchases.”