According to the 2014 National Association of Home Builders (NAHB) Spring Construction Forecast Webinar, a variety of factors will contribute to the improvement of the housing market throughout the year. These include a stronger economy, good mortgage rates and decent house prices. There are some restraining factors as well, such as more expensive resources, not so easily available credit and labor shortage.
Mortgage rates are expected to reach 5% by the end of the year and 6% by the end of 2015. The projection is based on the current data that shows steady economic improvement.
In the construction area, remodeling, sales and new starts are increasing. As for the finances, banks have plenty of reserves currently, which they would like to lend to consumers. As for the housing recovery, the stats are very different across the states, but the general trend is a positive one.