Wednesday, November 11, 2020

First Look: 2021 Housing Forecasts

by Calculated Risk on 11/11/2020 10:01:00 AM

Towards the end of each year I collect some housing forecasts for the following year.  This is just a beginning (I'll gather many more).

The table below shows a few forecasts for 2021:

From Fannie Mae: Housing Forecast: October 2020

From Freddie Mac: Freddie Mac Quarterly Forecast: Housing Market Continues to Rebound as Mortgage Rates Hover at Record Lows

From NAHB: Housing and Interest Rate Forecast, 11/10/2020

From NAR: U.S. Economic Outlook: September 2020

Note: For comparison, new home sales in 2020 will probably be around 820 thousand, and total housing starts around 1.360 million.

Housing Forecasts for 2021
New Home Sales (000s)Single Family Starts (000s)Total Starts (000s)House Prices1
Fannie Mae8571,0941,4332.1%2
Freddie Mac


2.6%2
NAHB8439861,321
NAR9501,0701,4304.1%3
1Case-Shiller unless indicated otherwise
2FHFA Purchase-Only Index
3NAR Median Prices