Whether Expansion or Recession in 2017, Housing will Survive

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Posted To: MND NewsWire

How will the economic philosophy that was altered by the last election actually evolve into policy? The is the question raised by Fannie Mae’s Economic and Strategic Research Group, headed by Doug Duncan, Senior Vice President and Chief Economist say, in their January economic forecast. With limited information available on the economic priorities of the Trump Administration, and those of the House and Senate also uncertain, “establishing reasonable estimates of the nature and sequencing, much less the magnitude, of policy changes [is] unusually challenging.” Thus, the company’s economic team says its theme for 2017 is “Will Policy Changes Extend the Expansion?” Incoming data supports the company’s expectations that the strong growth in the third quarter was unsustainable and the current estimate…(read more)

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