The Residential Economic Report – National Edition 2Q18
Join Mark Boud, Senior Vice President & Chief Economist of Metrostudy, as he presents the 2nd Quarter 2018 National Residential Economic Report.
Second quarter report highlights —
- Tax reform hurts high priced markets.
- Tariffs hurt the economy – especially the new home industry.
- The national housing market will become increasingly over valued, but the risk of a price collapse is small due to under supply.
- Rising mortgage rates are just beginning, and inflationary pressures are slowly building. National debt will slow economic growth.
- The surge in the remodeling/renovation market will continue.
- Overall, we’re in the bottom of the 7th inning of a challenging and rewarding housing market in an environment of under supply and increasing costs.
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: www.metrostudy.com/products-services/residential-economic-report/