“US: Housing market appears poised for a modest rebound – Wells Fargo”
March 11, 2019
“Following December’s plunge, housing starts rebounded 18.6% in January, mostly the result of a surge in single-family starts, explained analysts at Wells Fargo. They point out “residential building should continue to improve as permits run ahead of starts”…
“Despite recent headwinds, the housing market appears poised for a modest rebound headed into the spring selling season. Amid softer sales and rising inventories, home prices continue to moderate, which should provide some relief for buyers challenged by affordability.”…”
Markets are hard to predict but could we have passed the lowest peak this year? It certainly sounds like it for the season at least. Basically the bank is saying short term the housing market is expecting minor gains.