First, let’s note that while the report was dated today, the video shown below is from Tuesday.
With that disclosure, the data is fresh, and the video was part of that same report.
Even left-of-center CNBC is acknowledging that the Atlanta Federal Reserve’s forecast of a robust 5.4 percent Gross Domestic Product (GDP) for the first quarter of 2018 could be the best since the Great Recession.
All of that could be good for more housing – including manufactured housing – sales growth.
Per CNBC, and Fox Business
- The Atlanta Fed updated its rolling look at the U.S. economy, projecting that GDP would grow 5.4 percent in the first quarter.
- If the forecast holds, it would be the strongest quarter since the economic recovery began and would more than double the typical annualized growth during the period.
- Right-of-center Fox Business is pointing to a report that they themselves say is dubious, but that projects that unemployment could go as low as 3.5 percent by year end.
- If so, that is part of a recipe for more worker wage growth. MH sellers, read more home buyers.
- Tax cuts, plus regulatory reforms, plus rising wages, falling unemployment, increasing 401Ks and home values…
- …plus what a new survey suggests is a jump ball for the 2018 midterms, and given a big financial and ‘infrastructure’ edge to the GOP, could spell a good year for the White House, already riding high after a popular-wth-viewers State of the Union.
Outlook for business?
Continued optimism. Stay tuned. ## (News, analysis, and commentary.)
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Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.
Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.