Preliminary 2024 Housing Forecasts
6%+ Mortgage Rates, House Price Increases, Multi-family Starts Down Sharply
Towards the end of each year, I collect some housing forecasts for the following year - and also provide my own outlook. Several more forecast will be available in early December.
It is early, but for comparison, new home sales in 2023 will probably be around 675 thousand, up from 641 thousand in 2022.
Total housing starts will be around 1.38 million in …