2015 Housing Market - One Economic Forecast 

Every Forecast is Clearly Different: Market Up or Down?

The National Home Builders Association (NAHB) produces in-depth economic analyses of the home building industry using both private and government data. The NAHB's economics group surveys builders, home buyers, and renters to observe the issues and trends affecting the housing industry.On February 27, 2015, Robert Denk, Assistant Vice President for Forecasting and Analysis at the National Association of Home Builders, reported the 2014 GDP growth in the fourth quarter.

• Growth in economic output had a downward annual rate of 2.2% at the end of 2014.

• The slower pace of growth reflects less inventory investment but more fixed nonresidential investment.

• 2014 GDP grew at an annual rate of 5.0% in the third quarter.

• 2014 GDP grew at an annual rate of 4.6% in the second quarter.

• GDP growth expected to accelerate in 2015 coming in above 3%, this increase in the first quarter will be the first time since the recession ended in 2009.

What's new home building in northwest Las Vegas, NV?
Lennar Homes in the master planned community of Providence.

Lot's of good points to consider for the Southern Nevada housing market.  Questions about the housing market in Southern Nevada? Ask us anything. JillPaige@realtyexecutives.com