by Bill McBride on 12/27/2013 11:23:00 AM
Friday, December 27, 2013
Towards the end of each year I collect some housing forecasts for the following year.
Here was a summary of forecasts for 2013. Right now it looks like new home sales will be around 433 thousand this year, and total starts around 935 thousand or so. David Crowe (NAHB) was very close on New Home sales for 2013. Fannie Mae was the closest on housing starts.
The table below shows a few forecasts for 2014.
From Fannie Mae: Housing Forecast: December 2013
From NAHB: Housing and Interest Rate Forecast, 12/7/2013 (excel)
I haven't worked up a forecast yet for 2014.
|Housing Forecasts for 2014|
|New Home Sales (000s)||Single Family Starts (000s)||Total Starts (000s)||House Prices1|
|1Case-Shiller unless indicated otherwise|
2FHFA Purchase-Only Index
3Zillow Home Value Index