Housing still a sweet spot for developers in '06

Guest forecast: Don't bet on a bursting bubble to dampen profit opportunity

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Gruen Gruen + Associates, a research and consulting firm specializing in urban economic, market and land use/public policy analysis, makes the following predictions for the economy and real estate industry in 2006:

1. In 2006, the U.S. economy will be more buoyant than the contentious political mood of the country, with Gross Domestic Product growing between 3.4 and 3.8 percent. Local growth rates will vary above and below this positive nationwide output.

2.