by Calculated Risk on 11/06/2019 02:33:00 PM
Wednesday, November 06, 2019
First Look: 2020 Housing Forecasts
Towards the end of each year I collect some housing forecasts for the following year. This is just a beginning (I'll gather many more).
The table below shows a few forecasts for 2020:
From Fannie Mae: Housing Forecast: October 2019
From Freddie Mac: Freddie Mac October Forecast: Housing Market Remains Strong While Economic Slowdown Looms
From NAHB: Economic and Housing Forecasts
Note: For comparison, new home sales in 2019 will probably be around 633 thousand, and total housing starts around 1.243 million.
Housing Forecasts for 2020 | ||||
---|---|---|---|---|
New Home Sales (000s) | Single Family Starts (000s) | Total Starts (000s) | House Prices1 | |
Fannie Mae | 669 | 903 | 1,267 | 1.5%2 |
Freddie Mac | 2.8%3 | |||
NAHB | 629 | 902 | 1,286 | |
1Case-Shiller unless indicated otherwise 2Median House Prices 3FHFA Purchase-Only Index 4NAR Median Prices |