Regional Outlook Bernard M. Markstein Director of Forecasting April, 2007.

19
Regional Outlook Bernard M. Markstein Director of Forecasting April, 2007

Transcript of Regional Outlook Bernard M. Markstein Director of Forecasting April, 2007.

Regional Outlook

Bernard M. MarksteinDirector of Forecasting

April, 2007

History and

Forecast

10.0 to 0

0 to -10.0

Less Than -10.0

More than 10.0

US: 4.8%

Total Starts Growth Q4 2005 vs. Q4 2004 (%)

Total Starts Growth Q4 2006 vs. Q4 2005 (%)

10.0 to 0

0 to -10.0

Less Than -10.0

More than 10.0

US: -24.3%

Total Starts Growth Q4 2007 vs. Q4 2006 (%)

10.0 to 0

0 to -10.0

Less Than -10.0

More than 10.0

US: -5.4%

Total Starts Growth Q4 2008 vs. Q4 2007 (%)

10.0 to 0

0 to -10.0

Less Than -10.0

More than 10.0

US: 5.8%

Population Growth

Population Change: 2005 versus 2004

More than 2%

1% to 2%

0% to 1%

Less than 0%

US: 0.98%

Population Change: 2006 versus 2005

More than 2%

1% to 2%

0% to 1%

Less than 0%

US: 0.98%

Employment Growth

Employment Growth: 2005 versus 2004

More than 2%

1% to 2%

0% to 1%

Less than 0%

US: 1.7%

Employment Growth: 2006 versus 2005

More than 2%

1% to 2%

0% to 1%

Less than 0%

US: 1.9%

Housing Prices

Change in Existing Home Prices in Y/Y Q4, 2005

20% or more

10% to 20%

5% to 10%

5% or less

US: 13.2%

Change in Existing Home Prices in Y/Y Q4, 2006

20% or more

10% to 20%

5% to 10%

5% or less

US: 5.9%

Subprime Loans

Share of Loans serviced at Subprime: 2002 Q4

Less than 4%

4% to 7%

7% to 10%

More than 10%

US: 3.8%

Share of Loans serviced at Subprime: 2006 Q4

Less than 4%

4% to 7%

7% to 10%

More than 10%

US: 11.6%

Share of Loans serviced at Subprime: % point increase from 2002 Q4 to 2006 Q4

Less than 3

3 to 6

6 to 9

More than 9

US: 7.8