Ninth District Forecast

Chart: Housing Units Authorized

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Data as of December 20, 2013

Housing Units Authorized

The forecasting models are mixed regarding the housing forecast. Housing units authorized increased in 2013, but grew at a slower rate compared with strong gains in 2012. In 2014, housing units authorized are predicted to increase in Minnesota and South Dakota, remain level in Montana, and decrease in North Dakota and Wisconsin. 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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