Housing Limbo: How Low Can We Go? A Look at The Housing Market and Consumer Demand in 2023

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Jan 31, 2023 @ 11:00 AM EST

Lead­ing into 2023, con­cerns around reces­sion and infla­tion remain, with poten­tial impacts on demand for hous­ing and home improve­ments. Join the HIRI host­ed webi­nar where S&P Mar­ket Intel­li­gence econ­o­mists Michael Zdi­nak and Patrick New­port to hear their per­spec­tive on labor mar­ket tight­ness and infla­tion and what that sug­gests for fur­ther inter­est rate moves. 

Spoil­er alert! The expec­ta­tion is that tight mon­e­tary pol­i­cy will dip the econ­o­my into reces­sion ear­ly in 2023 due to inter­est rate impacts on home afford­abil­i­ty, starts, sales, prices, and home improve­ment demand. How deep and how long the reces­sion is like­ly to be will be a major focus of the dis­cus­sion, as well as dis­cussing what reces­sion depth and length will sug­gest for con­sumer behav­ior. Hear pro­jec­tions from a best case and worst-case kind of perspective.

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