Comments on the U.S. market - mid 2015
At the beginning of the year experts predicted new housing starts as high as 1.5 million, giving support to the builder´s confidence levels. The entire indexes rose in January and the latter part of 2014 indicating growth. Consumer confidence was also high due to low interest rates for homes in the low 4% range on fixed 30 year mortgages, inflation low, and unemployment at 5.6%. At the end of 2014 single-family home starts showed a gain for the year of 4.6%. Median home prices rose last year 3% and nationwide home prices were back to 2007 levels. The overall housing starts for 2014 ended around 1 million up about 9% from previous year.