Despite
positive improvements in the labor market in recent years, new home construction is currently insufficient in a majority of metro areas and is contributing to persistent housing shortages and unhealthy price growth in many markets, according to new research from the National Association of REALTORS ®.
This reflects the fact that, while value is hard to find
in the current
market — be it
in stocks, bonds or cash — there are
positive underpinnings: earnings have improved, the
labor market has been resilient, technology continues to drive
improvement in profitability, and monetary policy across the world remains accommodative.
Improvement in the
labor market,
positive sales growth, rise
in disposable income, expansion of retail chains, declining / stable oil prices, and escalating healthcare costs are expected to drive growth for the packaging industry over the next six months.