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The Commerce Department said yesterday that construction began on a larger-than-expected number of homes in December, capping the best year for new housing in a quarter of a century and leading some industry analysts to raise their housing forecasts for 2004.
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Inventory surged to an eight-and-a-half month supply (see Gary Shilling's housing forecast).
In response to POGO's question about the apparently contradictory findings, Fuller said, "the housing forecast was made in advance of the sequestration event... So, it is how you want to consider sequestration.
So far, in each of 19 test runs, HP has found that the system is better at predicting actual sales than in-house forecasts.Beware the winner's curseThere are dangers in the spread of auctions.
"We had in-house forecasts that something was going to converge with winds and rain, but we didn't think it would be this much," said John Miksad, who leads the response center.
Merrill Lynch, the investment house, forecast today that the recession would end by March.
The Note began as an in-house forecast of the way the day's political winds were likely to blow, with tip-offs to potential scoops for ABC's political broadcast crew, plus bonus barbs -- he and his Washington-based co-writers, Elizabeth Wilner and Marc Ambinder, get occasional jollies needling politicians and media peers.
So even if millennials age out of shared housing, demographic forecasts indicate there will plenty of twenty-somethings to rent those partitioned-off rooms.
WHEN Gary Lacinski and Chris Pagoota decided to sell their one-bedroom apartment in the fall of 2007, they were not terribly concerned about gloomy housing-market forecasts.
Although the most bullish housing market forecast for the new year released so far, the Royal Institution of Chartered Surveyors said it expected growth to be about half that in 2016.
That shortage of social housing is forecast to lead to higher rents in the private sector, which currently has a pretty bad image (the cliches are all about exploitative landlords and sub-standard housing).But such changes need not be all doom, surely.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com