The road ahead for the housing market
Some 8,800 commencements in 2015 turned into 15,000 homes in 2016. That is either magic or worrying
Often when teaching classes I tell people that when it comes to forecasting, you have to think about the economy like driving a car at night on a dark road. You can only be fairly certain of the things that are before you in the headlights, and even then there can be unseen potholes and surprises.
The only thing you can be sure of is what passed you in the rear-view mirror, so any forecast...
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