Here are some good indicators showing US housing market carries great momentum from 2017 to 2018:
- Home equity has hit a new record high, reported to be $5.5 trillion. Remodeling spending topped $152 billion in 2017 and is forecast to increase in 2018.
- Mortgage applications on newly constructed homes rose 18% in December from the previous month. The applications were 7.8% higher than December 2016.
- The implemented tax reform is already being credited for increased economic growth. Multiple companies are reported to be passing savings on to workers.