The Residential Economic Report – National Edition 3Q17
Join Mark Boud, Senior Vice President & Chief Economist of Metrostudy, as he presents the 3rd Quarter 2017 National Residential Economic Report.
Third quarter report highlights —
- The national housing market is heading toward over valuation, and some markets are already over valued.
- The surge in the remodeling/renovation market will continue in the near-term— partly due to the relative lack of new home supply.
- The window of land purchase and land development remains open through Year 2019 in most markets.
- Rising mortgage rates have yet to appear, but inflationary pressures are slowly building.
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…