Likely Trough in Home Sales
The Graph of the Week comes from the February 2008 NABE Outlook and shows when respondents think the likely trough in home sales would be.
From the survey:
Housing starts are now projected to total just 1.0 million units in 2008, down from the 1.2 million units forecast in November and the 1.5 million units forecast as recently as last May. The OFHEO index of housing prices is expected to drop 4% in 2008, the first drop in its history, before edging up a scant 0.1% in 2009.
NABE members can read the full survey here. A summary is available to the public.