Home Sales to Rise in 2015 After Slow Year, Survey Shows

The U.S. housing market will resume its recovery in 2015 after a “disappointing” year as sales accelerate, construction increases and mortgage credit eases, according to a Bloomberg survey of 25 economists and analysts.

New-home sales will jump 16 percent to 510,000 and sales of existing homes will climb 5 percent to 5.21 million, according to the median estimates. Housing starts, including apartments, will increase 15 percent to 1.15 million units. Starts, which last surpassed 1 million in 2007, were on an annual pace of 1.03 million in November, the Commerce Department reported yesterday.