Newsroom & Financials

Outlook for the U.S. Housing Market

Posted 08/29/2013

Overall the performance of the U.S. economy has remained lackluster over the past several quarters. GDP growth has averaged only 1.4 percent in the past year. Unemployment remains high. Businesses throughout the country continue to operate in an uncertain political and regulatory environment due to gridlock in Washington, D.C.

The real bright spot in the economy has been the housing market, which has been in strong recovery mode since early 2012.

Home prices have jumped more than 20 percent in some U.S. markets, especially in the western United States. While home prices in the northeast are increasing at much slower rates, housing sales across the country are strong and growing.

A key question hanging over the housing market is what will happen when the Federal Reserve begins to tighten monetary policy.  Read more in August's issue of OUTLOOK.

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