Economic

Boom to Bust to Boom: Vegas is Back!

Builder confidence in the Vegas market continues to strengthen, and is, in fact, back to 2008 levels. But the new normal will be steady absorptions, increased construction costs, and a tightened labor supply.

Wells Fargo Offers Tempered Outlook on Housing Starts

We remain optimistic about the housing market, but we still maintain our below-consensus forecast for home sales and new home construction in 2014. 

Demographic Shift Favors Multifamily in the Long Term

In the near term, single-family and multifamily construction is likely to pick up. The longer-term outlook is more favorable for multifamily.

Top 10 Fastest Growing States Over Past 3 Years

By state, growth ranged from a high of 7.3 percent in North Dakota to a small loss in one state: Rhode Island's population fell by 0.1 percent between 2010 and 2013.

Investors Expect Multifamily Boom to Grow Even More

Contracting business is expected to continue to boom, a rising trajectory from the low-point of the Great Recession.

2013: Housing Markets Creep Back to 'Normal'

Markets in 54 out of the approximately 350 metro areas nationwide have returned to or exceeded their last normal levels of economic and housing activity.

Don't Miss a Deadline with the 2014 Economic Calendar

With the passing of one year and the start of another, make your resolution to stay on top of what is influencing the markets with the attached 2014 Wells Fargo Economics Calendar.

New Index Measures Healthiest Housing Markets

The grass is always greener on the other side of the fence’ may be a common colloquialism, but all it takes is a guy comparing grass blades on a color wheel to clear up any misconceptions about whose lawn is truly greener. That’s what we’re attempting to do with the Market Health Index. The Great Recession and the aftermath of the housing bubble hit many markets hard, while others traveled through the last five years largely unaffected. Some devastated markets are bouncing back with vigor, while others languish.

Fed Bond-Buying to Wind Down in Early 2014

The Federal Reserve will start reducing its massive bond-buying program no later than March, according to a Reuters poll on Friday, with a handful of Wall Street firms expecting the U.S. central bank taking action as early as December following a second straight month of robust jobs gains.

Housing Recovery Experts Lead with Optimism

According to the Wells Fargo Economics Group, “We remain optimistic that home sales, new home construction and home prices will all continue to improve in the coming year, even though conditions will be more challenging on a number of fronts."