The new year heralds a new season of reflection and planning. Johns Manville is gearing up for a strong year, keeping a close watch on the housing and construction markets. Check out these three articles from industry experts with 2019 forecasts for the housing and construction markets.
Metrostudy Forecasts a Mixed Bag of Good, Bad News
Experts see rising interest rates and opportunities in the affordable housing segment.
By Scott Sowers, Builder Magazine
Metrostudy chief economist Mark Boud and his team recently released their analysis and forecasts for the fourth quarter of 2018. The number-crunching indicates smooth sailing for the not-so-distant future with turbulence expected by 2020. Read more.
Realtor.com® 2019 National Housing Forecast
Housing Market Predictions 2019: Tougher Road Ahead for Home Buyers and Sellers
By Danielle Hale, realtor.com
The 2019 housing market will see modest inventory gains, but with mortgage rates expected to hit 5.5 percent by the end of the year, monthly mortgage payments will rise 8 percent putting home ownership more out of reach especially for younger Gen-Z, Millennial, and other first-time home buyers. Upscale homes in high-growth markets, however, will provide more opportunities for buyers. Read more.
New Construction Starts in 2019 to Hold Steady with 2018 Amount, According to Dodge Data & Analytics
Dodge Outlook Report Predicts Deceleration in Total Construction Growth Will Continue, Reflecting a Mixed Pattern by Project Type
By Dodge Data & Analytics via construction.com
Dodge Data & Analytics released its 2019 Dodge Construction Outlook, a mainstay in construction industry forecasting and business planning. The report predicts that total U.S. construction starts for 2019 will be $808 billion, staying essentially even with the $807 billion estimated for 2018. Read more.
Did you know Johns Manville offers market-specific residential builder data? Talk to your sales rep today for more information on how we partner with Metrostudy, a Hanley Wood company and the leading provider of primary and secondary market information to the housing and related industries nationwide, to bring you builder insights.