The economy is growing, household formations rising, and there are low mortgage rates and pent-up demand—all things the National Association of Home Builders said should predict a production boost for single-family houses in 2015.
The single-family sector will finish the year much stronger than it began, and "set the stage for a robust 2015," NAHB Chief Economist David Crowe said in a statement.
The NAHB forecasts 991,000 total housing starts in 2014, an increase of 6.6 percent from the 930,000 units last year. Of that, single-family production should rise 2.5 percent to 637,000 this year and increase an additional 26 percent in 2015.
Single-family production should reach 1.1 million in 2016.
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