The Residential Economic Report – National Edition 2Q17
Join Mark Boud, Senior Vice President & Chief Economist of Metrostudy, as he presents the 2nd Quarter 2017 National Residential Economic Report.
Second quarter report highlights —
- The unemployment rate continues to fall and is currently at 4.4%.
- Housing starts will continue to climb until 2019 when we expect it to plateau.
- Housing shortages will become more intense, causing an accelerated and shorter sharper real estate cycle with a peak in 2018/19.
- An extended period of low mortgage rates has allowed home prices (and land value) to rise higher and more rapidly than they should have.
- A higher national Debt-to-GDP ratio will lead to higher interest payments which will eventually dilute US currency and slow the US Economy.
The National Residential Economic Report is a modeled forecast released quarterly of over- and under supply of housing in the nation, as well as over- and under valuation, which impacts the future of housing most significantly. The five-year forecast is further informed by recurring national indices that track construction starts, employment, and other key indicators, and provides us a framework to forecast the future state of housing across the nation, and in major markets.
These reports are available for every major US Metropolitan market. For more information on The Residential Economic Report, visit: https://www.metrostudy.com/products-se…