Healthy housing growth forecast
From staff and wire reports
Low mortgage interest rates are expected to sustain housing at healthy levels, according to the National Assn. of Realtors.
The Realtors group predicts that existing-home sales will rise 3.2% for the year, to a record of 5.47 million units, followed by 5.28 million sales next year.
New-home sales are projected to rise 2.2%, to a record of 929,000 units this year, with 907,000 sales next year. Housing starts are expected to rise 3.1%, to a total of 1.65 million units this year, with the same level expected next year.
