Latest 2012 Economic and Housing Outlook

The housing market forecast has been upgraded based on a rise in pending contracts and continued moderate economic expansion. Here is the latest 2012 Economic and Housing Outlook from NAR Chief Economist Lawrence Yun. The full 15 slide PowerPoint looks at economic indicators such as existing home sales, new home sales, housing starts, GDP, payroll jobs and more.

The Summary Forecast Table is also pasted below.

Link to the full PDF can be found here.

Lawrence Yun, PhD., Chief Economist and Senior Vice President

Lawrence Yun is Chief Economist and Senior Vice President of Research at NAR. He directs research activity for the association and regularly provides commentary on real estate market trends for its 1 million REALTOR® members.

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  1. Boy, that looks good to me!

  2. Laurence is a good guy but his photo isn’t showing in my browser, bummer..

  3. In January 2012 new home sales took off like gangbusters. Resort communities that were left ghostly in 05 have been given thier B12 shot and are making large waves. To have quality movement and great pricing, will builders and thier investors keep thier wits? Savy consumers know value in quality and location and it is beginning to show as the #s increase in Resort areas. Watercolor Florida and Watersound West Beach Florida are among the 90% increase from 2010-11 with large sales #s for 2012!! Confidence is returning, hoping builders dont quench the Resort sales market before making strong headway.

  4. I feel the forecast really does not benefit the realistic home marker. I am in the Inland Empire area of Southern California which was one of the hardest hit markets. We need stats more realistic to our areas.