NAR’s Yun forecast for 2019 housing sales: New homes will drive market gains

Sales of previously-owned homes fell for the second month in a row, buyers currently make up about the same share of the market that. Yun last week released an updated 2019 forecast: he expects. a broad basket of real estate- related stocks, has gained about 3.7% since launching in late March.

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 · However, newly released data from the National Association of Realtors (NARs) told a different story on the housing market. Sales of previously owned homes fell more-than-expected in June to a seasonally adjusted annual rate of 5.27 million, according to the National Association of Realtors new report released tuesday.

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According to Yun, the U.S. needs to spur stronger growth in the housing market by increasing inventory through stepped-up new construction – and only more new homes will ease tight inventories and help slow home price gains. Last year, only about 900,000 homes were started, a 50-year low and half the amount that’s needed, Yun said.

 · "Prices are increasing faster than we expected them to because of the continual shortage of new homes coming onto the market. new home construction," Yun said.. sales home prices Home Sales.

NAR’s Yun Forecast for 2019 Housing Sales: New Homes Will Drive Market Gains. Sales of new homes probably will reach a 12-year high this year as builders scramble to meet demand from entry-level buyers, according to Lawrence Yun, chief economist of the National Association of Realtors. Existing home sales probably will be flat, he said.

What will the housing market be like in 2019? You may be wondering what the housing market will look like in 2019 – especially if you’re considering a home purchase. Real estate is a lot like the stock market: It’s an outlet for investment, valuable and highly unpredictable.

Unusually rough weather in recent months likely also curbed some demand, though regional sales results for March show gains in. cut their forecasts for the housing market’s performance in 2014..

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NAR’s Yun forecast for 2019 housing sales: New homes will drive market gains Sales of new homes probably will reach a 12-year high this year as builders scramble to meet demand from entry-level buyers, according to Lawrence Yun, chief economist of the National Association of Realtors .

The National Association of Realtors said Monday its Pending Home Sales Index unexpectedly declined 1.4% to a seasonally-adjusted 109.4 in August, from a.