February 1, 2010
The Apartment Market: Looking Better for 2010?
Multi-Housing News
...MHN: What are your projections for the U.S. economy this year?
Green: I think we will see GDP growth. We have indicators that manufacturing is beginning to come back because of exports, and I think housing construction will improve, as inventories have been dropping pretty rapidly. Banks are starting to accept short sales, which will help reduce the number of foreclosed properties on the market.
MHN: Is the unemployment rate set to improve earlier than expected in 2010?
Green: Employment is a lagging indicator, so it will likely remain high for a while. But the November 2009 numbers were better than expected.