Now That The Housing Boom Is Over What Comes Next For The U.S. Economy - PowerPoint PPT Presentation

Loading...

PPT – Now That The Housing Boom Is Over What Comes Next For The U.S. Economy PowerPoint presentation | free to view - id: 1a696-MmI1N



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

Now That The Housing Boom Is Over What Comes Next For The U.S. Economy

Description:

Wachovia Corporation. November 8, 2006. 2 ... Home Sales Peaked About A Year Ago & Are Now About Half Way Through A Major Correction ... – PowerPoint PPT presentation

Number of Views:44
Avg rating:3.0/5.0
Slides: 31
Provided by: A8387
Category:
Tags: boom | comes | economy | housing | next | now | over | wachovia

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Now That The Housing Boom Is Over What Comes Next For The U.S. Economy


1
Now That The Housing Boom Is Over What Comes
Next For The U.S. Economy South
Florida? Builders Association of South
Florida Miami, Florida
Mark Vitner Director and Senior
Economist Wachovia Corporation November 8, 2006
2
Overall Economic Conditions Have Been Stronger
Than Widely Believed But Growth Is Now Slowing
  • Home Sales Peaked About A Year Ago Are Now
    About Half Way Through A Major Correction
  • Consumer Spending Is Growing More Modestly But
    Will Hold Up Better Than Expected Thanks To Job
    Growth
  • Domestic Motor Vehicle Producers Are Shutting
    Plants To More Permanently Align Production
    Versus Sales
  • Businesses Remain Cautious Capital Spending Has
    Not Picked Up As Much As Had Been Expected
  • The Trade Deficit Appears To Be Topping Out And
    May Improve Slightly During Coming Years

3
Growth Is Expected To Moderate During The
Remainder Of 2006. Look For 2 to 3 Gains.
4
Hiring Has Slowed Recently But The BLS Has Also
Disclosed That Past Growth Was Understated
5
The Unemployment Rate Is Showing Signs Of
Bottoming Out, We Might Even See A Slight Rise
6
Household Employment Is Rising Slightly Faster
Than Payroll Employment
7
The Sharp Run-Up In Home Prices Has Ended
8
New Home Sales Peaked About One Year Ago And Will
Likely Slide For Another Year
9
Homeownership Has Turned Down In Response To
Soaring Home Prices
10
Homebuilders Are Considerably Less Optimistic
About The Housing Outlook
11
Home Price Appreciation Has Slowed
12
Consumer Spending Has Slowed And Will Grow Only
Modestly For The Next Several Quarters
13
Capacity Utilization Has Risen Above Its Long-Run
Average A Few Shortages Exist
14
Business Investment Spending Unexpectedly Slowed
In The Second Quarter
15
Commercial Construction Has Strengthened Across
Most Product Lines
16
Vacancy Rates Have Fallen Across The U.S.,
Particularly In NYC, The South Parts Of The West
17
The Fed Is Done For The Time Being. We See The
Risks Now Being More To The Down Side
18
Long-Term Interest Rates Remain Abnormally Low
19
Economic Forecast
20
Floridas Economy Continues To Produce Strong Job
Gains Across A Number Of Industries
21
The Quality Of Jobs Being Created Is Better Than
Widely Thought
22
The Unemployment Rate Remains Near An All-Time Low
23
Population Growth Has Been Exceptionally Strong
But Is Showing Signs Of Moderating
24
Homebuilding Has Slowed Significantly And Is
Currently In Line With Underlying Demographics
25
Housing Prices Are Moderating And Will Continue
To Do So, Allowing The Market To Correct
26
Miamis Economy Is Seeing Strong Job Growth,
Particularly In Financial Professional Services
27
Miamis Labor Market Remains Exceptionally Tight
28
Population Growth Has Slowed Recently
29
Homebuilding Has Already Corrected In A Major Way
And Is In Line With Population Growth
30
Housing Prices Are Beginning To Moderate And Will
Likely Rise Less Than The Long-Run Average
About PowerShow.com