Housing in 2015: ‘We Are in a Slow March Back to Normal’

As housing continues what the National Association of Home Builders’ David Crowe has described as a “slow march back to normal,” the chief economist says groundbreakings will occur with greater frequency in 2015. NAHB predicts housing starts to hit 1.2 million next year, up from just shy of 1 million this year. However, they will continue to trail the sector’s long-run average. “Before this downturn, anything below 1 million housing starts a year was considered almost a housing depression,” according to Lennar CEO Stuart Miller. “This recovery is just now getting us back to that level of starts.” | Read More