Join Mark Boud, Senior Vice President & Chief Economist of Metrostudy, as he presents the 4rd Quarter 2017 National Residential Economic Report.
Forth quarter report highlights —
- Tax reform hurts high priced markets…but not as much as originally planned.
- The national housing market is already significantly under supplied, and it continues
- The national housing market is heading towards over valuation, but housing values are still nowhere near the levels of over valuation that prevailed in years 2005/06.
- The surge in the remodeling/renovation market will continue in the near-term.
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.