My column for the December 2016 issue of Builder and Developer magazine is now posted online.
For this issue, entitled "2016 in Review: Continued Recovery from The Great Recession," I reviewed the current state of the U.S. economy and what we can expect in 2017.
An excerpt:
U.S. GDP—which had hovered closer to 1.0 percent during the
previous three quarters—surged to 2.9 percent in the third quarter, due mostly
to rising inventory of goods, higher exports, and more federal government
spending.
Job growth, which rose by 161,000 in October, has averaged
181,000 per month throughout 2016. Although this is down 21 percent from 2015’s
average level, it is still more than enough to keep up with population growth
and continue putting downward pressure on the official unemployment rate.
To read the entire column, click here.
To read the entire December 2016 issue in digital format, click here.
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