Housing Market Firming Up This Year

Strong jobs growth, rising consumer confidence, and pent-up demand are stoking buyers' interest in purchasing homes, all of which are signs that have led economists to be optimistic that the housing market will continue improvingthis year. David C rowe, chief economist for the National Association of Home Builders (NAHB), commented, “There are a number of positive indicators that provide solid evidence this will be a good year for housing and the economy.” Single-family production is expected to reach 840,000 units this year, a 17.5 percent increase from this year's 715,000 and a 10.4 percent increase from 2014.

Source: The Hill