U.S. Outlook: The housing sector healing continues
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.