Goldman Sachs sent an email to clients advising that growth in residential investments through 2016 will be solid, though not as strong as they originally hoped. Plus, this growth will likely curtail in the years immediately following, as the included chart notes.
Source: www.housingwire.com
Goldman Sachs recently stated that growth in residential investments through 2016 will be solid, though not as strong as they originally hoped. This includes all new construction, about half the total of all construction, plus home improvement spending and commissions for real estate brokers. GS is lowering original forecast for residential investment to 8% from 11% previously, but still expects housing to be the top performer among the major components of GDP.