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National Association of Homebuilders
Recent indicators suggest that the housing market recovery has picked up steam in recent months. According to S&P Case-Shiller, Q4 2012 marked the third straight quarter of year-over-year gains in home prices, while the Census Bureau reports that the number of new homes sold in January jumped 15% more from December and nearly 30% from a year earlier. Mortgage rates remain at record lows, the number of home foreclosures has dropped, supply is tight for both new and previously owned homes available for sale, and the economy is improving.
Is the housing market finally on the upswing, or is this another false start? Can the momentum in recent numbers be sustained? What is the outlook for different price segments and regions? How much of a lift can housing provide for the economy in the coming year? What opportunities are there for investors looking to play the rebound in housing, and what should they be concerned about?
Dr. David Crowe, Chief Economist of the National Association of Home Builders, will share his perspective on current trends in the housing industry and factors that may impact the housing recovery.