By Ali Wolf | Builder
2020 has been a year of surprises, including the rise and fall and rise again of the U.S. housing market. Businesses in the home building industry are looking at their successes this year and wondering if they have just pulled demand forward, or if this year’s strength will remain through 2021. The Zonda team analyzed the countervailing forces in housing and provides its forecasts below.
Forecasting has never been easy, but throw in a pandemic, a rocky presidential election, and the potential for a double-dip recession, and you get an even more convoluted picture. The forecasts given today will be subject to change as we learn more information about what COVID-19 will do to the economy in the winter months, review an anticipated new stimulus bill, and see the results from the Senate runoff races in Georgia on Jan. 5.