BCA Economic Daily 12/17/19


Both US Housing Starts and Industrial Production data today supported the thesis that economic activity going into the 1H20 will accelerate some. The unprecedented money printed and trade Phase 1 deal only add to that theory. While the South lag behind other areas of the country in housing and rates are likely to rose some in response to higher economic activity the back drop for housing going into 2020 appears good. In 2H20, we expect economic activity to cool some as monetary and trade euphoria wear off.


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