U.S. Economic Update: Latest Outlook
COVID-19 Effect on Housing
Examination and findings on economic leading indicators
Welcome to the Economic Outlook Series
In our latest economic update, Danielle Marceau, Prevedere Senior Economist, discusses the impact COVID-19 has had on small businesses and potentially will have in the future.
In our latest economic update, Danielle Marceau, Prevedere Senior Economist, discusses the U.S. housing market’s unique dynamics during the economic downturn.
The third wave of COVID-19 cases is adding significant headwinds heading into 2021. Business closures remain elevated, consumers are reluctant to re-engage in public life and are uncertain about the future, and overall economic growth is slowing and vastly uneven by industry. However, the U.S. housing market is on fire.
In this update, Danielle looks at data, such as new housing starts, existing home sales, consumer intent, and search activity to uncover why the housing market is doing so well amid a global pandemic.
Danielle answers the question, “is the urban exodus fact or fiction?” and identifies some caveats to her findings, including New York and San Francisco.
Access now to find out what’s fueling the housing market and when we can expect it to cool down in this economic update.
About Danielle Marceau
Ms. Marceau is a Senior Economist for Prevedere, a predictive analytics company that helps provides business leaders a real-time insight into their company’s future performance. Prior to her role at Prevedere, Danielle was a Senior Economist at ITR Economics. Danielle’s commentary and expertise have been featured in NPR, MarketWatch, and other publications. Danielle has a Masters’ of Science in Applied Economics.
About Prevedere, Inc.
Prevedere is a predictive analytics software company that delivers insights into future business outcomes based on current economic trends. Our predictive economic intelligence helps executives see what lies ahead for their business and solve for upcoming risks and opportunities. Our SaaS solutions apply the power of machine learning and predictive modeling to more than 2.5 million indicators of global economic and consumer activity. Prevedere customers include Fortune 500 industry leaders in retail, manufacturing, and consumer packaged goods. To learn more, visit www.prevedere.comand follow @Prevedere on Twitter.