2020 housing market to see significant boost, according to Fannie Mae

Great news! The 2020 housing market looks bright according to Fannie Mae’s latest revised forecast, which now predicts significant growth in single-family housing starts.

Fannie Mae boosts 2020 housing forecast ‘significantly’
“Fannie Mae’s Economic and Strategic Research Group predicts builders will expand production more than previously expected, due to a strong labor market and robust consumer spending. Low mortgage rates will also help.
After increasing just over 1% annually this year, growth in single-family housing starts will accelerate to 10% during 2020 and top 1 million new homes in 2021, the group predicts.”