BAN2015. Housing Remains Resilient as Economic Growth Battles COVID-19

Economic activity fell by a record amount in the second quarter of 2020 as businesses shutdown across the country and unemployment reached levels not seen since the Great Depression. In housing, record-low mortgage rates have helped the industry remain relatively resilient in the face of the uncertainty seen in most other industries. Though the country has started reopening, new coronavirus cases continue to rise, suggesting the potential for localized measures that may slow otherwise re-opening economies.

Learning Objectives:

• Identify trends in U.S. growth and the housing market as the US economy faces the challenges posed by COVID-19
• Discover the upside and downside risks that the U.S. economy faces in the coming months
• Summarize the outlook for the U.S. economy over the next 18-24 months