March Home Sales Forecast: Blame It on the Cold
Our forecast suggests a year-over-year new home sales growth of 5.7 percent in March – the slowest pace of annual growth in new home sales since early 2014 (the weather-related drop in December 2016 aside). However, if recent trends continue, the year-over-year growth rate of new home sales could slow to 0.6 percent in May.
January Home Sales Forecast: Seasonal Adjustment Disorder
Tight inventory will continue to weigh on existing home sales, according to our January home sales forecast, while new home sales should rebound from a slow December. Looking farther ahead, shifting behaviors among home sellers, buyers and builders make it trickier to read definitive trends in seasonally-adjusted home sales data.
