economic forecasts Archive

GDP Forecast

With the exception of the strong housing market recovery, the broad U.S. economy continues to underperform.  This week data on the GDP growth of 1.8 percent in the first quarter was uninspiring.  The long-term historical average GDP growth is...

Latest GDP Surprise

Third quarter economic activity grew at 2.0 percent, which is decent but still subpar compared to the historical norm.  Gross Domestic Product (GDP) generally grows by three percent on average and should be growing closer to four to five...

Blue Chip Forecast on Home Prices

I participate in the Blue Chip Consensus forecast with around 50 other economists representing organizations such as FedEx, Dupont, Ford Motors, the U.S. Chamber of Commerce, Wells Fargo, Bank of Tokyo, Swiss Re, and UCLA. This forecast is often...

2012 Economic and Housing Outlook

Released yesterday, December 29th, 2011, here is the 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,...

Forecast for 2012

NAR publishes forecasts each month based on the inflow of updated economic data. Here are the latest take-aways regarding the outlook for next year: No economic recession in sight. The GDP is expected to rise 2.5 percent in 2012....