mbaa.org
This was MBAA's projections a few weeks ago. I personally think they are dreaming even back then. With the events of the last couple of weeks, we won't even see $3+ trillion for 2003. If rates go up, I doubted if we will even see $1 trillion next year.
Summary
• The economy will achieve annual GDP growth of 2.2 percent in 2003, 3.6 percent
in 2004, and 3.8 percent in 2005.
• Unemployment will be at 6.3 percent ending 2003, 5.9 percent ending 2004, and
5.6 percent ending 2005.
• The 10-year Treasury rate will end 2003 at 3.9 percent, end 2004 at 4.5 percent,
and end 2005 at 5.0 percent.
• Annual home sales will reach 6.825 million units in 2003, 6.577 million units in
2004, and 6.399 million units in 2005.
• Home-price appreciation will continue slowing, but remain positive.
• The 30-year FRM rate will end 2003 at 5.7 percent, end 2004 at 6.1 percent, and
end 2005 at 6.7 percent.
• Mortgage production volume will slow from $3.39 trillion in 2003 to $1.937 trillion
in 2004, and to $1.455 trillion in 2005. |
