On a national level, most economists agree that construction starts, prices and sales for residential homes will continue to rise through 2020. According to the National Association of Homebuilders (NAHB), total housing starts of both single-family and multi-family housing are expected to increase through 2021 and beyond. The organization predicts growth from 1.24 million starts in 2019 to 1.29 million for 2020 to 1.32 million in 2021. NAHB predicts new and existing home sales to continue will rise through 2021 as well.
Trends driving some of the growth are demand for affordable or first-time homes, multi-family and urban centers. Along with housing starts and sales, prices — which have been rising due to low inventory in many markets — will continue to rise over the next nine months by 5 percent, according to S&P CoreLogic.