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.