Freddie Mac’s economists restated their February forecast in
their Economic and Housing Outlook just
released for March, that 2015 could be the best year for home sales and new
home construction since 2007. That year
there were 5.8 million sales – this year the economist forecast 5.6 million
sales along with 1.18 million housing starts.
Kiefer, Deputy Chief Economist said, “This month kicks off the spring
homebuying season. Between now and the end of June, we’ll see about 40 percent
of all home sales for the year. So these next few months will essentially tell
us whether or not 2015 will be a good or bad year for housing markets. Overall,
we’re feeling good about housing and we expect this year to be the best year
for home sales and new home construction since 2007.” There
are, the report says, several reasons to be optimistic.