LAS VEGAS — A robust U.S. economy and job market, plus low mortgage rates, should help keep the recovery in the new-home market going at a modest pace this year, but a return to pre-housing-boom sales and construction levels appears to be at least a couple of years away.
That’s the forecast that David Crowe, chief economist for the National Association of Home Builders, delivered Tuesday to a panel of economists at the trade association’s latest industry convention in Las Vegas.
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