Stock market and oil price slide doesn’t dampen forecast for housing growth in 2016

Gyrations in the stock market and fears about a possible recession aren’t likely to derail the housing industry rebound, top housing economists predict.

“There are a number of positive indicators out there that make me believe and provide solid evidence that this will be a good year for the economy and housing,” David Crowe, chief economist with the National Association of Homebuilders said Tuesday.

Crowe told thousands of builders meeting in Las Vegas this that continued low mortgage rates and employment gains around the country will drive home construction and sales forward in 2016.

Read More Here on The Dallas Morning News

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s