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Housing recovery hopes stronger on economic news

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Despite the tough times in housing, the economy continues to grow, and that will make the recovery in housing happen much sooner. The energy sector, in particular, is thriving, spurred by a falling dollar and skyrocketing commodity prices. Many other segments of the economy remain in good shape as well, as seen in our chart of year-to-date industry stock performance below. The economy grew at a very strong 3.9 percent growth rate in the third quarter, with consumer spending, exports, business investment, government and inventories all growing and offsetting the heavy decline in housing. Our grading system of the economy and the housing market is a "bell curve" model, with statistics at an all-time high receiving an "A," statistics near the long-term average receiving a "C," and the worst times ever receiving an "F." In this grading system, it is OK to be a "C" student. Here is our current report card: Economic Growth: C The economy is performing at a steady pace, evidenced by a highe...