Thursday, December 22, 2005

Another 2006 housing market prediction

The National Association of Home Builders (NAHB) economists predict that "Following strong growth over the past three years, home sales and housing production will ease back next year to around 2004’s historically healthy levels."

Remodeling is also expected to experience growth, and the NAHB cites the hurricane as a contributing factor.

Their prediction on appreciation is that "The pace of home price appreciation will be cut about in half over the next year, from an estimated average of 10.7 percent for 2005 as a whole (according to the OFHEO house price index for home purchases) to 6.5 percent in 2006 and about 4.4 percent in 2007."

To read more: NAHB 2006 housing market prediction

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