US 2023 Housing Forecasts

By Bill McBride
Calculated Risk Newsletter
December 8, 2022
Category: Finance & Economics
Region: United States

Towards the end of each year, I collect some housing forecasts for the following year. For comparison, new home sales in 2022 will probably be around 640 thousand, down from 771 thousand in 2021. Total housing starts will be around 1.55 million in 2022, down slightly from 1.60 million in 2021. Existing home sales will be around 5.1 million in 2022, down from 6.1 million in 2021. As of September, Case-Shiller house prices were up 10.6% year-over-year, but the year-over-year change is slowing rapidly.

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