Towards the end of each year I collect some housing forecasts for the following year. This is an update (I’ll gather several more).
First a review of the previous five years …
Here is a summary of forecasts for 2017. It is early (just nine months), but in 2017, new home sales will probably be around 615 thousand, and total housing starts will be around 1.200 to 1.210 million. Brad Hunter (HomeAdvisor) appears very close on New Home sales, and Merrill Lynch and NAR appear close on starts.