RSS Feed by Calculated Risk on 1/04/2018 05:11:00 PM
Thursday, January 04, 2018
Final Update: 2018 Housing Forecasts
Towards the end of each year I collect some housing forecasts for the following year.
The table below shows several forecasts for 2018:
From Fannie Mae: Housing Forecast: December 2017
From Freddie Mac: November 2017 Economic & Housing Market Forecas
From NAHB: NAHB’s housing and economic forecast
From NAR: Economic & Housing Outlook
Note: For comparison, new home sales in 2017 will probably be around 615 thousand, and total housing starts around 1.210 million. House prices were up about 6.2% year-over-year in October (Case-Shiller).
| Housing Forecasts for 2018 | ||||
|---|---|---|---|---|
| New Home Sales (000s) | Single Family Starts (000s) | Total Starts (000s) | House Prices1 | |
| CoreLogic | 4.2%6 | |||
| Fannie Mae | 703 | 910 | 1,255 | 5.1%2 |
| Freddie Mac | 1,300 | 5.7%2 | ||
| HomeAdvisor5 | 653 | 981 | 1,320 | 4.0% |
| Merrill Lynch | 680 | 1,275 | 5.4% | |
| NAHB | 653 | 893 | 1,248 | |
| NAR | 700 | 5.0%3 | ||
| Wells Fargo | 675 | 930 | 1,280 | 5.3% |
| Zillow | 3.0%4 | |||
| 1Case-Shiller unless indicated otherwise 2FHFA Purchase-Only Index 3NAR Median Prices 4Zillow Home Prices 5Brad Hunter, chief economist, formerly of MetroStudy 6CoreLogic Index |
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