Latest ULI Forecast Predicts Faster Housing UpturnIssuance Growth

Economists polled by the Urban Land Institute have a much more favorable outlook of the housing market compared to March, when they were last surveyed. The panel of 39 experts now project that home prices will climb 3.2 percent in 2012, after calling for zero appreciation in the March poll, and then rise 3.9 percent next year and jump 5 percent the year after that. The forecast also calls for improvements in housing starts — which the economists say will hit 530,000 units this year rather than just 500,000 as predicted in March before reaching 675,000 units and 800,000 units in 2013 and 2014, respectively. | Read More