U.S. Outlook: The housing sector healing continues

Scott Anderson
Posted by Scott Anderson
Chief Economist
How will the housing sector factor into U.S. economic growth in 2015?

Graph showing upward trend in home-builder confidence.In this week’s Outlook report, we take a closer look at where the housing recovery stands currently, and how essential it is for the economy.

Below are highlights of my weekly economic analysis, followed by a link to the full U.S. Outlook report, delivered on Nov. 21.

Key observations:
  • Mortgage applications, building permits, and existing home sales have had better-than-expected gains.
  • Demand for rental properties has increased dramatically in the last five years.
  • Homebuilder confidence in the West appears to be back on track.
  • One factor is still holding back demand for homeownership.
Click here to read my full report. (NOTE: There will not be an Outlook report next Friday. Happy Thanksgiving!)

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