Strong Economic Growth Will Boost Housing Recovery in 2015

Fannie Mae is predicting a strong economic boost in 2015.  Here is a snippet of the article.

Economic growth is expected to climb to 2.9 percent this year, up from 2.4 percent in 2014, according to Fannie Mae‘s February 2015 Monthly Economic Outlook released on Thursday. Fannie Mae predicts this economic growth will boost the sluggish housing market into recovery.

“Our forecast calls for an increase in economic growth to 2.9 percent for 2015, which is a slight downward adjustment from our prior forecast but solid improvement nonetheless,” Fannie Mae Chief Economist Doug Duncan said. – Source

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Leading Economic Indicators Grow at Moderate Pace

DSnews has a new article out on Leading Economic Indicators Grow at Moderate Pace, which is reporting a .2% month over month increase from its Leading Economic Index.

Here is a quote from the article,

“The U.S. Leading Economic Index increased again in January, but its pace of growth has been moderate in recent months,” said Ataman Ozyildirim, economist at the Conference Board. “While the LEI suggests a positive short-term outlook in 2015, the lack of strong momentum in residential construction, along with a weak outlook for new orders in manufacturing, poses a downside risk for the U.S. economy.” – Source

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