Find out recent developments on the economy and housing market through the Quarterly Economic & Housing Market Outlook. Here are some key highlights:

Economy: The U.S. economy continues to expand though showing signs of slowing consistent with a soft landing

  • GDP and GDI for the previous years revised up
  • Labor market cooling with unemployment up and job growth moderating
  • Inflationary pressures abating

Housing Market: Affordability Challenged by Higher Rates; House Prices Resilient

  • Mortgage rates fell to two-year lows in September but both existing and new home sales fell by 0.2% from August
  • Housing construction picked up on lower interest rates
  • House price growth moderated further to 3.7% in August

Download the Reports

Economic & Housing Market Outlook

See impacts of inflation, labor, mortgage rates, home prices and delinquencies with the U.S. housing market in the 2024 Quarterly Economic & Housing Market Outlook.

Monthly Report

While the economy continues to expand, it’s showing signs of slowing consistent with a soft landing.