Housing Forecasts Are Getting More Consistent; Rates Solidify Last Week’s Gains
Consistency can be boring, but in crazy times it can also be reassuring, even comforting. While they differ on the specifics, economists, at least those in the housing industry, seem to be coming together with much the same outlook and many of the same caveats for the next year or so. Fannie Mae's Economic and Strategic Research (ESR) team is among those who see economic growth slowing i n a more-or-less natural way , and housing's current woes settling into stability. Unless.... ESR's December Economic Developments forecasts the economy will finish the fourth quarter with 2.6 percent annualized growth, down from 3.5 percent in Q3. Over the entirety of 2018, growth will have been at a 3.1% rate, the fastest of the current expansion, slowing to 2.3 percent next year as the boost from federal
Sorry, the comment form is closed at this time.