Jul 08, 2020

Housing Trends

Watch The Outlook Webinar: COVID-19 Update – July 8

This week during our Outlook Webinar: COVID-19 Update – The Housing Market, Senior Managing Principal, Tim Sullivan, and Chief Economist, Ali Wolf, provide real-time updates on how the coronavirus pandemic continues to impact our economy and the residential construction industry.

What’s Changed:
  • 36% of states have paused and or reversed reopen plans due to increasing cases, hospitalizations and deaths; States that have paused and or reversed reopen plans represent 50% of U.S economies GDP
  • Mortgage rates are at an all-time low, ~3.07%, causing purchase applications to be up 33%
  • 4.8 M Jobs were added in June with 75% of these jobs coming from leisure and hospitality, trade, and education
  • The economy continues to rebound with the unemployment rate being ~12%
  • Builders are performing well despite headwinds from COVID: 80% of builders reported meeting or exceeding plan, 71% of builders report sales up MOM and 78% report sales up YOY  
How can we help your business navigate COVID-19?

Ali Wolf

Chief Economist

Ali Wolf

Chief Economist

Ali Wolf

Chief Economist

Tim Sullivan

Senior Managing Principal

Tim Sullivan

Senior Managing Principal

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