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TODAY’S ECONOMIC ENVIRONMENT. So Far, There Are Few Surprises The Economic News Seems Bleaker, But The Reality is About As Expected. REAL GDP GROWTH Annualized Quarterly Growth Rates. GDP Growth Rate. Date. Source: St. Louis Fed. NATIONAL EMPLOYMENT Annual Year Over Year Growth Rate.
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TODAY’S ECONOMIC ENVIRONMENT So Far, There Are Few Surprises The Economic News Seems Bleaker, But The Reality is About As Expected
REAL GDP GROWTHAnnualized Quarterly Growth Rates GDP Growth Rate Date Source: St. Louis Fed
NATIONAL EMPLOYMENTAnnual Year Over Year Growth Rate Annual Percent Growth Date Source: BLS
BUSINESS INVESTMENTNon-Residential: Annualized Quarterly Gains Annualized Percent Change Date Source: St. Louis Fed
THE HOUSING MARKET CORRECTION It Is Also Taking The Expected Course
NATIONAL NEW HOME MARKETAverage Annual Growth Rate: Sales and Starts Percent Increase Date Source: Census Bureau
HOME PRICE APPRECIATIONAnnual Year Over Year Percent Appreciation Annual Percent Gain Year Source: NAR
U.S. MORTGAGE FORECLOSURES (Percent of Outstanding Mortgages) Percent Foreclosures Year Source: BMA
FORCES ACTING ON THE NATIONAL ECONOMY A. Consumer’s Health • Debt Burdens • Interest Rates • Energy Prices • Deteriorating Home Equities B. Business Investment • Interest Rates • Energy Prices C. International Trade • Value of the Dollar • Weakening International Economies
WHILE THE ECONOMYIS HOLDING UP FAIRLY WELL,IT IS LIKELY TO GET WORSE BEFORE IT GETS BETTER