Why Optimism About the Housing Market Doesn’t Mean a Big Recovery
The Street - November 10, 2014 - November 11, 2014
The Street, By Richard Suttmeier
The National Association of Home Builders says that the market for new single-family homes will return to near-normal production levels during the next two years as the Federal Housing Finance Agency allows Fannie Mae (FNMA) and Freddie Mac (FMCC) to ease lending standards for qualified residential mortgages.
The NAHB predicts that single-family home production will begin to surge in 2015 on stronger economic growth, low mortgage rates and pent-up demand, forecasting that single-family starts will increase 26% to 802,000 units in 2015 and another 37% to a normal annual rate of 1.1 million units in 2016.
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