You're watching...
Freddie Mac chief economist Frank Nothaft gives his outlook for the housing market in 2013.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
What your outlook for the year for the housing market.
Are we in a sustainable housing market recovery.
We've had a spate of positive news over the last several months I think I mean -- just gonna continue and that's when he thirteen so where are expectancy home sales up.
But respecting total home sales of about eight to 10% and 2013 compare this -- -- twelve.
And we expect -- -- favorable news on house prices to continue as well the house prices are already up about four to 6% on last year compared to the year prior.
We're expecting a three to 4% increase in national house price in the -- when he thirteen constructions also turned around.
Housing starts up 25% last year compared to the year prior.
We're expecting another 20% increase in housing starts this year.
