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.”