US consumer fundamentals remain strong despite some near-term headwinds, and we expect private consumption to be a key driver of growth over the...
North America | US and Canada housing affordability edged down in Q3
Posted by Oren Klachkin on Jan 21, 2022
Our updated Housing Affordability Indices (HAIs) show affordability declined in Q3 2021 at the national level in the US and Canada as income gains...
United States | Recoveries in 2022 are inversely proportionate to 2020 declines
Posted by Barbara Byrne Denham on Dec 21, 2021
After decelerating in Q3, US GDP growth resumed a healthy pace in Q4, and is expected to hold steady in 2022, notwithstanding the potential short...
US | Metro Economic Forecast: San Francisco
Posted by Barbara Byrne Denham on Oct 20, 2021
Saddled with high costs that has led to out-migration, San Francisco has recovered only 40% of its lost jobs since the start of the pandemic. Its net...
Canada | Edmonton leads 2021 rebound, Toronto’s growth more moderate
Posted by Anthony Bernard-Sasges on Oct 19, 2021
Canadian metros are rebounding strongly in 2021. We expect every metro to surpass their pre-pandemic GDP levels by the end of this year. We estimate...
North America | Housing affordability fell in Q2 and is likely to worsen
Posted by Oren Klachkin on Oct 19, 2021
The Housing Affordability Indices (HAIs) show affordability deteriorated in nearly all US and Canadian metros in Q2 2021 as home price inflation...
US | Metro Economic Forecast: New York
Posted by Barbara Byrne Denham on Oct 13, 2021
Still lagging its peers, New York has recovered only 49% of its lost jobs since the start of the pandemic. Its net job decline of 9.1% from Q1 2020...
US | Recovery patterns reflect tourism and office-based sector exposure
Posted by Barbara Byrne Denham on Oct 13, 2021
US GDP topped its peak pre-pandemic level in Q2, but the pace of the economic recovery was largely unchanged as the Delta variant sapped some of the...
US | Metro Economic Forecast: Los Angeles
Posted by Barbara Byrne Denham on Oct 13, 2021
Los Angeles, like New York, has suffered from urban flight that has persisted due to the delta variant. LA has recovered only 44% of its lost jobs...
US | Metro Economic Forecast: Philadelphia
Posted by Barbara Byrne Denham on Aug 5, 2021
Despite having a diverse economy, Philadelphia has recovered only 55% of its lost jobs from the nadir of the pandemic. Its net decline of 6.5% from...