Citing recent “encouraging economic and housing data,” analysts from Fitch Ratings expect an accelerated upturn in housing in the remainder of 2014.
In Fitch’s The Chalk Line report for Summer 2014, Fitch analysts Robert Curran, Monica Delarosa and Robert Rulla write that the projected growth in housing will last throughout 2015 and lead to a much stronger year than 2014 is proving to be.
“Demographics, attractive affordability/housing valuations, and a slow, steady easing in credit standards should sustain and ultimately accelerate the upturn,” the analysts write. “The latest economic and housing macro statistics are generally encouraging.”
The analysts say that 2014’s performance is fighting an uphill battle after an unexpectedly strong winter put a significant dent in the housing market in the first few months of the year.
“The spring selling season was underwhelming enough that this, along with more guarded expectations for the next few months, will lead to more modest growth for macro housing statistics before the year is through,” said Robert Curran, Fitch’s managing director and lead homebuilding analyst.
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http://www.housingwire.com/articles/30745-fitch-housing-market-getting-ready-to-grow
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