Recession? What recession? Analysts offer new perspective on 2023 Arizona economy, housing
Recession? What recession? Analysts offer new perspective on 2023 Arizona economy, housing
Home price percentage growth continues to cool in metro Phoenix and nationwide due to higher interest rates, but homebuilders say demand is ticking upward. The Business Journal spoke to several analysts and economists to sort through the conflicting positive and negative forces affecting the economy.
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Economists have largely slashed mortgage forecasts for 2022, but only the government-sponsored enterprise expects lower purchase volume for 2023, citing the likelihood of a downturn.
Economists have largely slashed mortgage forecasts for 2022, but only the government-sponsored enterprise expects lower purchase volume for 2023, citing the likelihood of a downturn.
With the Fed's inflation-fighting policy in effect, Fannie Mae is now forecasting a reduction in mortgage origination volume in 2022 and 2023. It also expects a "moderate recession."
The post Fannie Mae cuts origination projection, forecasts recession in 2023 appeared first on HousingWire.
With the Fed's inflation-fighting policy in effect, Fannie Mae is now forecasting a reduction in mortgage origination volume in 2022 and 2023. It also expects a "moderate recession."
The post Fannie Mae cuts origination projection, forecasts recession in 2023 appeared first on HousingWire.
Dive Brief:
The decline in corporate profits will probably speed up in coming quarters, highlighting an economic slowdown that will likely lead to a U.S. recession in 2023, Fitch Ratings said.
Downward revisions to consensus expectations for earnings next year “will likely accelerate as monetary tightening continues to reduce inflation and growth slows,” Fitch said in a report. “Fitch expects below-trend GDP growth in 2022, given weak incoming data and the hawkish Fed interest rate stance...
Dive Brief:
The decline in corporate profits will probably speed up in coming quarters, highlighting an economic slowdown that will likely lead to a U.S. recession in 2023, Fitch Ratings said.
Downward revisions to consensus expectations for earnings next year “will likely accelerate as monetary tightening continues to reduce inflation and growth slows,” Fitch said in a report. “Fitch expects below-trend GDP growth in 2022, given weak incoming data and the hawkish Fed interest rate stance...
Construction activity in Las Vegas remains brisk, industry sources said, and provides evidence the nonresidential construction sector could weather looming economic headwinds better than others due to its longer planning and funding timelines. Demand for major projects remains strong across the board, especially in entertainment type uses, said Brian Riffel, executive vice president in the Las Vegas office of commercial real estate brokerage firm Colliers. That’s a sign of strong optimism, des...
Construction activity in Las Vegas remains brisk, industry sources said, and provides evidence the nonresidential construction sector could weather looming economic headwinds better than others due to its longer planning and funding timelines. Demand for major projects remains strong across the board, especially in entertainment type uses, said Brian Riffel, executive vice president in the Las Vegas office of commercial real estate brokerage firm Colliers. That’s a sign of strong optimism, des...
July 27, 2022
Alisa Zevin
KEYWORDS ABC / contractors / economics
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A possible recession looms large, even as contractors continue to report increase in business, said Anirban Basu, chief economist at Associated Builders and Contractors. He presented his outlook during the webinar “2022 Mid-Year Construction Eco...
July 27, 2022
Alisa Zevin
KEYWORDS ABC / contractors / economics
Order Reprints
No Comments
A possible recession looms large, even as contractors continue to report increase in business, said Anirban Basu, chief economist at Associated Builders and Contractors. He presented his outlook during the webinar “2022 Mid-Year Construction Eco...
Peter Muoio of SitusAMC on how the Federal Reserve's aggressive rate tightening may impact CRE.
The post What Inflation, Recession Risk Mean for CRE appeared first on Commercial Property Executive.
Peter Muoio of SitusAMC on how the Federal Reserve's aggressive rate tightening may impact CRE.
The post What Inflation, Recession Risk Mean for CRE appeared first on Commercial Property Executive.
Two significant things happened Friday: the BLS reported that the U.S. created 428,000 jobs in April, and I had to raise another recession red flag. Here's the scoop on both.
The post Amazon news raises new recession red flag appeared first on HousingWire.
Two significant things happened Friday: the BLS reported that the U.S. created 428,000 jobs in April, and I had to raise another recession red flag. Here's the scoop on both.
The post Amazon news raises new recession red flag appeared first on HousingWire.
When new home sales and housing starts begin to fall together, a recession is usually not far away. However this report needs context.
The post Are new home sales flagging a recession? appeared first on HousingWire.
When new home sales and housing starts begin to fall together, a recession is usually not far away. However this report needs context.
The post Are new home sales flagging a recession? appeared first on HousingWire.
Scroll down for answers on how real estate investors tackled the housing recession and how common it is today. We came across a topic that’s been a burning issue for quite some time now: the well-talked-about housing recession. It’s not a secret that many real estate investors and other professionals don’t like to hear the sound of it and for a good reason. Table of Contents Characteristics of a Housing Recession Causes of Housing Market Recessions Historical Examples of Housing Recession...
Scroll down for answers on how real estate investors tackled the housing recession and how common it is today. We came across a topic that’s been a burning issue for quite some time now: the well-talked-about housing recession. It’s not a secret that many real estate investors and other professionals don’t like to hear the sound of it and for a good reason. Table of Contents Characteristics of a Housing Recession Causes of Housing Market Recessions Historical Examples of Housing Recession...
What will the next recession mean for your property tax bills and other finances?
What will the next recession mean for your property tax bills and other finances?