【Freddie Mac】Quarterly Forecast: Housing Market Expected to Remain Strong Despite Major Supply Shortage and Historically High House Prices Across the U.S. Slowing Sales (July 2021)

The latest employment report from the U.S. Labor Department showed that while the U.S. economy added 850,000 nonfarm payroll jobs in June, it is still down 6.8 million jobs from February 2020. Job openings have surged to a record high of 9.2 million, and as the economy continues to reopen, we expect the economy to continue to mend. Consensus forecasts put full year U.S. Real GDP growth over 6% in 2021, which would help to close the large gap between the current level of economic activity and potential output.

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