U.S. Outlook: New home sales buck slowdown trend

Posted By Scott Anderson In Economic Outlook | No Comments

Better than expected January new home sales are a good sign for a continuing expansion of the housing market this year, but we expect slower growth in home building soon.

housing graph [1]Below is a brief summary of my weekly analysis, followed by a link to the full U.S. Outlook report, delivered on Feb. 28, 2014.

Key observations:
  • Housing market indicators point to homebuilding slowdown.
  • Tight inventories should keep home prices rising and builder margins high.
  • Winter building permit decline is longest in 5 years.
  • Less home building could help support household wealth and consumer spending in 2014.

Click here to read my full report. [2]


Article printed from Bank of the West: https://changematters.bankofthewest.com

URL to article: https://changematters.bankofthewest.com/2014/03/04/u-s-outlook-new-home-sales-buck-slowdown-trend/

URLs in this post:

[1] Image: http://blog.bankofthewest.com/wp-content/uploads/2014/03/home_bldg_graph_022814.jpg

[2] Click here to read my full report.: http://gowe.st/1fw8R6t

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