The Regional Economy
DataNinth District Forecast
Data as of December 21, 2012
Housing Units Authorized
Housing units authorized posted strong improvement during 2012, but the forecasting model is mixed regarding the 2013 outlook. During 2012, housing units authorized posted strong gains in all district states. Authorizations more than doubled in South Dakota. In 2013, housing units authorized will increase in Minnesota, increase only slightly in Wisconsin and decrease in Montana and the Dakotas. However, the confidence intervals for home-building predictions span a relatively wide range, indicating a much higher degree of uncertainty compared with forecasts for employment, unemployment rate and personal income.
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