Economists expect the pace of recovery quickened a bit in the second quarter but not by enough to put steady downward pressure on the jobless rate.
The rate of expansion was the fastest since the first quarter of 2015, and while it's above the Trump administration's 3 percent goal, most
economists expect the pace to slow.
The economists expect a pace of 5.7 percent for 2013 but homes for sale are constrained in some areas as potential sellers remain without sufficient equity to sell.
Not exact matches
While the
pace of the U.S. economy's growth is
expected to pick up, the
economists are less upbeat about the global economy.
The rise in the annual inflation measures reported by the Commerce Department on Monday was anticipated by
economists and Fed officials and is not
expected to alter the U.S. central bank's gradual
pace of interest rate increases.
«Beyond the near - term, a return to a more cautious communication strategy and
pace of interest rate increases is
expected in light of the headwinds facing Canada,» including slow inflation growth, Toronto - Dominion Bank Senior
Economist Brian DePratto said in a research note.
The rise in the annual inflation gauges reported by the Commerce Department was anticipated by
economists and Fed officials and is not
expected to alter the US central bank's gradual
pace of interest rate increases.
Canadian housing starts climbed in May to an annual
pace of 200,178, while
economists had been
expecting fewer than 180,000.
Most
economists expect the housing recovery will continue this year, though likely at a slower
pace.
TOKYO (MNI)- Japan's gross domestic product for the January - March quarter is
expected by
economists to be flat both on quarter and at an annualized
pace, as solid capital investment is offset by weak private consumption amid bad winter weather.
We are also
expecting the
pace of domestic growth momentum to decline in the second half of 2018, after a boost from net exports in the first half of the year,» writes Sally Auld, chief Australia and New Zealand
economist at J.P. Morgan, in a recent briefing.
Canada's economy expanded at a 1.8 per cent annual
pace during the last quarter, the same growth seen at the start of the year and slightly better than what
economists were
expecting.
The growth for the quarter was weaker than the 2.9 per cent
pace economists had
expected, according to Thomson Reuters.
The showing, while strong, was less than the 3.9 per cent annual
pace of growth that
economists had been
expecting.
Economists expect growth to slow from the healthy
pace in the first quarter, especially as debt - burdened consumers retrench from the spending levels that largely drove the recovery in the first place.
«Rising inventory is the primary reason that we
expect the
pace of price gains to drop back,» says Paul Diggle, property
economist for Capital Economics Ltd..
«Home values ended 2016 growing at their fastest
pace of the year, which could be an indication of what to
expect in 2017,» says Zillow Chief
Economist Dr. Svenja Gudell.
«Last month's dip in closings was somewhat
expected given that there was such a strong sales increase in March at 4.2 percent, and new and existing inventory is not keeping up with the fast
pace of homes coming off the market,» says Lawrence Yun, NAR's chief
economist.
BMO senior
economist Robert Kavcic said the results were «firmer than
expected,» noting that the 12 - month average of 221,000 units was just off the strongest
pace since 2008.
More important for the job market is the
pace of new home construction: After running around 930,000 in 2014,
economists expect growth to about 1.2 million.
To recap, most
economists and analysts
expect prices to continue rising through next year, but at a slower
pace than in the past.
«The March decline is from a stronger - than -
expected sales
pace in February, and looking at the first quarter as a whole, sales are up 3.7 percent from the fourth quarter of 2011,» notes NAHB Chief
Economist David Crowe.
«We
expect the housing expansion to continue, albeit at a more moderate
pace than last year given continued pressure on affordability,» says Doug Duncan, Fannie Mae chief
economist.
«If jobs come back as
expected, the
pace of home sales should pick up later this year and reach a sustainable level of activity given very favorable affordability conditions,» said NAR Chief
Economist Lawrence Yun.
«Rising inventory is the primary reason that we
expect the
pace of price gains to drop back,» Paul Diggle, property
economist for Capital Economics Ltd. in London, said in a telephone interview.
Economists have no expectations that the 2015 housing market will match the
pace of activity in 2013, but they do
expect it to be, at the very least, slightly better than last year.
Economists had
expected overall building permits in June to edge down to a 600,000 - unit
pace.
Economists had
expected new home sales, which are measured when contracts are signed, to show a 445,000 unit
pace in November.