My column for the July 2015 issue of Builder and Developer magazine is now posted online.
For this issue, entitled "The Housing Market Continues to Gain Strength,"
I covered recent updates for both the overall U.S. economy as well as the housing market.
An excerpt:
Although the disappointing first quarter of 2015 initially showed U.S. GDP contracting by 0.7 percent, in the third and final estimate—which includes more accurate information from various reporting agencies—the contraction was closer to 0.2 percent...
Even better, it’s not like U.S. consumers are showing concern over this temporary swoon, and during the first half of this year have actually shown the largest and most sustained increase in economic optimism in over a decade. Even more encouraging to note is that this optimism is shared by the top, middle and bottom third of all incomes. Consequently, look for consumer spending—which powers about 70 percent of the U.S. economy—to grow about three percent this year...
To read the entire column, click here.
To read the entire July 2015 issue in digital format, click here.
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