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- Forecast - Monthly Archive

# Forecast - Monthly Archive

We provide access to each Economic & Housing Outlook from the past four years.

### 

**March**

Higher Mortgage Rate Forecast Leads to Decline in 2024 Home Sales Expectations
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**February**

Housing Activity Expected to Pick Up in 2024 as Rates Move Lower
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**January**

Mortgage Rates Expected to Dip Below 6 Percent in 2024, Boosting Home Sales
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**December**

Home Sales, Mortgage Originations Likely to Begin Slow Recovery in 2024
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**November**

Economy Expected to Slow in 2024, Rebound in 2025
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**October**

Jump in Long-Term Interest Rates Expected to Weigh on Economy
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**September**

Mild Recession Remains Likeliest Outcome as Inflation and Labor Markets Cool
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**August**

Sticking the 'Soft Landing' Remains a Difficult Task
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**July**

Inflation is Slowing, But Fully Quelling It Will Be Tough
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**June**

Mixed Data Complicates Economic Forecast, though Recession Remains Likely
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**May**

Recession Remains Likely as Credit Conditions Tighten
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**April**

Economy Resumes Gradual Slowdown Following Bank Turmoil
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**March**

Banking System Instability May Prove Catalyst for Recession
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**February**

Economy Off to Surprisingly Strong Start in 2023, But It’s Not Expected to Last
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**January**

Housing Sector Awaits Improvement in Affordability; Modest Recession Still Expected
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**December**

Economy Expected to End 2022 on Positive Note Ahead of Modest Recession in New Year
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**November**

Economy Still Expected to Enter (and Exit) Modest Recession in 2023
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**October**

Economy Expected to Contract Further in 2023, as the Fed Appears Resolved to Tame Inflation
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**September**

Economic Indicators Continue to Point to Likely Recession in 2023
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**August**

Economy Constrained by Competing Effects of Elevated Inflation and Strong Labor Market
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**July**

Economic Growth Stagnating as Record Inflation Persists
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**June**

Elevated Inflation, Higher Interest Rates Expected to Take Toll on Consumer Spending
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    
                                                    - LIHTC Market Commentary    

**May**

Rapidly Rising Rates and Persistent Inflation Further Soften Economic Outlook
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**April**

Economic Growth Forecast Downgraded as ‘Soft Landing’ Appears Increasingly Unlikely
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**March**

Inflation and Russia’s Invasion of Ukraine Expected to Take Toll on U.S. Economy and Housing Sector
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**February**

Economic Growth Expected to Slow as the Fed Wrangles Inflation
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**January**

The Economy and Housing to Turn Toward 'New Normal' in 2022
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**December**

Economy Finishes 2021 Strong; Inflation is Top Risk Concern for 2022
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**November**

Inflation Remains Primary Macroeconomic Concern, as Fed Contemplates Additional Action
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**October**

Economic Growth Again Revised Downward Due to Supply Chain and Inflation Concerns
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**September**

Supply and Labor Constraints Continue to Hinder Economic Growth, Home Sales
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**August**

U.S. Economy Again Limited by COVID and Supply Chain Concerns
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**July**

Economy Transitioning from Consumer-Led Recovery to More Balanced Growth as Inflation Risks Remain
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**June**

Inflation Risk Takes Center Stage as Strong Economic Growth Expected to Moderate
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**May**

Economy Expected to Heat Up Through the Summer as Inflation Risks Mount
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**April**

Rapid Acceleration in Economic Growth Expected as Social Restrictions Ease
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**March**

Economic Growth Expected to Accelerate through Spring as COVID-19 Lockdown Restrictions Ease
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**February**

U.S. Economy Expected to Expand at 6.7 Percent Clip in 2021
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**January**

Economic Growth Expected to Accelerate as Vaccine Deployment Quickens and Warmer Weather Approaches
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**December**

Economy Poised for Considerably Stronger 2021 as COVID-19 Vaccine Distribution Efforts Commence
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**November**

U.S. Economic Health Heavily Dependent on COVID-19 Path
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**October**

Economic Recovery Continues at Slower Pace
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**September**

2020 U.S. Economic Forecast Upgraded Despite Heightened Risks
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**August**

U.S. Economy Poised for Substantial Rebound Following Historic Second Quarter Contraction
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**July**

Economic Growth Expectations Improve Slightly, Remain Tied to Broader COVID-19 Recovery
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**June**

U.S. Economic Growth Expectations Largely Unchanged as Lockdown Restrictions Ease
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**May**

Real GDP Growth Expected to Contract Sharply in the Second Quarter
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**April**

Record U.S. Expansion Likely Undone by COVID-19
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**March**

Resilience of U.S. Economy Tested by COVID-19 Outbreak and Oil Price Shock
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**February**

U.S. Economic Resilience on Display as Coronavirus and Manufacturing Concerns Reverberate Through Markets
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**January**

Consumers Lead Economic Expansion Toward 11th Year with Boost from Housing Construction
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**December**

Strong Economic Data Leads to Upward Revisions in Growth Forecast
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    
                                                    - Inclusionary Housing Research

**November**

Economic Outlook for 2020 Upgraded Despite Prominent Downside Risks
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**October**

Housing’s Supporting Role: Residential Fixed Investment Expected to Help Drive Economic Growth into 2020
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**September**

U.S. Economy Reliant on Consumer Spending, Susceptible to Downside Risks
                                                    - News Release
                                                    - Developments
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**August**

Downside Risks Weigh on Economy as the Fed Considers Next Steps
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**July**

As Trade Uncertainty Drags on Growth, Strong Consumer Demand Backstops Slowing U.S. Economy
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**June**

U.S. Economic Forecast for 2019 and 2020 Downgraded as Businesses Confront Heightened Uncertainty
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**May**

Economy Expected to Slow Through Remainder of 2019, Despite Strong First Quarter Growth
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**April**

U.S. Economy Still on Track to Slow in 2019
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**March**

2019 Economic Growth Slowing, As Expected
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**February**

Fannie Mae Holds 2019 Forecast Steady at 2.2 Percent Growth and One Fed Rate Hike
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**January**

Slower Economic Growth Expected in 2019, but a Patient Fed Could Put Housing on Firmer Footing
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**December**

Housing Expected to Stabilize in 2019 as Economic Growth Slows
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**November**

2018 Growth Forecast Upped Slightly, but Strong Labor Market not Enough to Boost Housing
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**October**

2018 and 2019 Growth Outlooks Steady as Housing Falters
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**September**

Third Quarter Growth Strong but Checked by Trade, Weaker Gains in Consumer and Business Demand
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**August**

2018 Growth Forecast Upgraded Again, No Thanks to Housing
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**July**

2018 Growth Outlook Upgraded on Q2 Growth Spike
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**June**

Forecast Unchanged but Trade Tensions Flare and the Fed Tightens
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**May**

2018 Growth Forecast Holds But 2019 Gets Modest Downgrade
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**April**

Strong Growth Outlook Persists Even As Risks Rise
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**March**

2018 and 2019 Economic Growth Outlooks Upgraded on Stimulus Passage
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**February**

Growth Outlook Unchanged Despite Recent Market Volatility
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**January**

Tax Reform Expected to Boost Growth, if the Fed Gets It Right
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**December**

Economy Expected to End 2017 on a Cheerful Note
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**November**

Post-Hurricane Economic Resiliency and Business Optimism Drive 2017 Growth Forecast Higher
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**October**

Economic Growth Outlook Unchanged Following Recent Hurricanes
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**September**

Growth Warms Even as Hurricanes Cloud Economic Outlook
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**August**

Upside Offsets Downside, Keeps Economic Growth on Pace
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**July**

Expansion Expected to Decelerate in Second Half
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**June**

Economic Growth Rebound Is in the Cards, but Fiscal and Monetary Policy Could Shuffle the Deck
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**May**

Another Second Quarter Rebound Likely to Follow First Quarter Slowdown
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**April**

Political Holding Pattern Affirms Conservative Growth Forecast
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**March**

Growth Forecast Unchanged Ahead of Expected Rate Hike
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**February**

Policy Uncertainty Remains at the Center of Modest Growth Expectations
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**January**

2017 Outlook: Will Policy Changes Extend the Expansion?
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**December**

Confidence Improves at the Prospect of Pro-Growth Policies
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**November**

Modest Economic Growth Expected Despite Legislative and Regulatory Uncertainty
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**October**

A Decent, but Not Great, Second Half of the Year Expected for U.S. Economy
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**September**

Economic Growth on the Upswing, With a Few Emerging Soft Spots
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**August**

Consumer Spending Expected to Bolster Economic Growth Outlook for Second Half of 2016
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**July**

Economic Growth Outlook Unchanged for Second Half of 2016, but Post-Brexit Uncertainty Casts Shadow
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**June**

Economic Growth Outlook Holds Steady for 2016
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**May**

Economic Growth Outlook Subpar Again as 2016 Progresses
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**April**

Economic Growth Outlook Remains Little Changed Despite First-Quarter Stall
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**March**

Economic Growth Outlook Little Changed Despite Improving Financial Market Conditions
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**February**

2016 - Moderate Economic Growth Amid Financial Market Turmoil
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**January**

2016 Outlook: Housing Affordability Constrains as Expansion Matures
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**December**

Economic Growth Ends 2015 on Course, Paves Way for Fed Rate Liftoff
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**November**

Economy Remains on Firm Footing Amid Global Risks
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary 

**October**

Economic Growth Expected to Weather Headwinds
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**September**

Second Half Growth Expected to Outweigh Recent Market Volatility
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**August**

Economic Growth Outlook Less Upbeat for the Second Half of the Year
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**July**

Economy Building Momentum into Second Half of the Year
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**June**

Economic Rebound on the Horizon with Q1 Slump in Rearview Mirror
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**May**

2015 Economic Growth Forecast Downgraded, but Housing on a Better Path
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    
                                                    - Video Summary

**April**

Q1 Economic Growth Measures Downsized, but Expected to Spring Forward
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    
                                                    - Video Summary

**March**

A Soft Start to 2015, but Acceleration Expected
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    
                                                    - Video Summary

**February**

Strong Job Growth Foreshadows Solid Full-Year Economic Growth
                                                    - Podcast
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    

**January**

2015 Economic Outlook: Economy Drags Housing Upward
                                                    - News Release
                                                    - Developments    
                                                    - Economic Forecast    
                                                    - Housing Forecast    
                                                    - Multifamily Market Commentary    
                                                    - Video Summary

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