Slider

Freddie Mac Forecasts Best Year in Ten for Housing Industry

crystal ball foto searchAccording to what Freddie Mac tells MHPrpNews in nationalmortgagenews, despite low wage growth this year, the housing market will reach its highest level in sales, housing starts and housing prices since 2006. It will be largely driven by interest rates that remain below four percent for a 30-year fixed rate, even given the Fed’s rate hike.

Wage growth is “’anemic, barely keeping pace with inflation,” says Freddie, and labor force participation has fallen. (MHProNews adds: In the one day since this article was published, 215,000 more jobs were added in March, and the unemployment rate rose from 4.9 percent to five percent, indicating more people were out looking to rejoin the work force.)

Freddie cautions: “If wages and incomes do not start rising, then rising interest rates, home prices and rents will squeeze households and ultimately slow housing markets.” However, a slowdown in site-built homes could be a spur for the manufactured housing industry. ##

(Image credit: fotosearch)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily business News-MHProNews.

15585

Subscribe to the Documented #1

Most-Read - Professional Emailed Headline News

Delivered x2 weekly to your inbox. 

Manufactured Home "Industry News,

Tips, and Views Pros Can Use."   ©

 

Where "We Provide, You Decide."  ©

15856
mas kovach mhpronews shopping with soheyla .jp

Get our ‘read-hot’ industry-leading 

get our ‘read-hot’ industry-leading emailed headline news updates

Scroll to Top