What to Expect From Housing and Consumer Spending in 2018

The video discusses the housing market's month-over-month changes, highlighting a significant increase since January 1992. It examines factors like post-hurricane recovery and tax overhaul anticipation affecting demand. The limited housing supply, both in existing and new homes, is noted as a constraint on sales. The video also explores consumer spending, showing a rise in November, driven by increasing income, suggesting continued economic growth into 2018.

What was the percentage increase in the month-over-month housing data, and why is it significant?

• 10%, the largest since 2000

• 17.5%, the largest since January 1992

• 5%, the largest since 2010

• 20%, the largest since 1980

Which region contributed significantly to the housing data surge?

• The West

• The East

• The North

• The South

What is a major factor limiting the pace of home sales going into 2018?

• High interest rates

• Increased construction costs

• Decreasing demand

• Limited supply of homes

What was the percentage rise in consumer spending in November?

• 3.5%

• 2.0%

• 1.2%

• 0.6%

What is expected to be the driving force behind economic growth in 2018?

• Corporate investments

• Consumer spending

• Government spending

• Export growth