Freddie Mac: Healthy Housing Outlook to Continue for Years
Home sales increased about 5% on the housing stock, compared with sales of 7% of the stock in 2005. This is about 7 million homes per year. Serious delinquency rates were about 2%, which is decline from a peak of 9.5% in 2010. Vacancy rates also continue to decline to 1.7% on homes for sale and 8% on rentals. This is a decrease from 3% in 2008 and 11% in 2009. Housing starts increased between about 1.7 and 1.8 million homes per year, compared with 2.1 million in 2005. Home price appreciation also rose to 3% per year, compared to 11% in 2005.
- Tags: ADI News
- Joanne Loftus