Certain macro housing data and input from public builders are suggesting that a solid spring selling season is developing, according to Fitch Ratings in the latest edition of the 'Chalk Line'.
'Factors like a sound economy, pent-up demand, attractive affordability and a steady easing of credit standards are helping to pave the way for a strong spring season and should help accelerate the housing upturn for the remainder of 2015,' said Managing Director and lead homebuilding analyst Robert Curran.
In 2015, single-family starts should expand about 17% and multifamily volume should gain about 7%. Fitch expects new home sales to improve 18%, while existing home sales stand to rise approximately 4%. Fitch expects stable ratings for most issuers within the homebuilding sector during 2015, reflecting a continued, moderate cyclical improvement in overall construction activity. There is potential for a few positive outlooks and/or upgrades.
