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[...]Dr. Ray Perryman of the Perryman Group states that the economy has slowed modestly but remains remarkably resilient while inflation has continued to moderate. According to Consensus, the ratio of Personal Consumption Expenditures over Personal Disposable Income is predicted to stay put at 92.00% through the first quarter of 2024 and then slightly decline to 91.00% during the second and third quarters of 2024. According to Dhawan, national job growth will turn mildly negative by the first half of 2024 at 68,000 monthly losses, rebounding to 75,000 job gains by mid-2025 as Fed rate cuts spur investment spending. [...]Wells Fargo has modestly boosted their forecast for single-family starts over the next two years to reflect the stronger demand environment.