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NMHC Panelists: There is a Recession Out There, But It is Pushed Back

SAN DIEGO—Panelists at Tuesday's 2017 NMHC Apartment Strategies Outlook Conference touch on what worries them about the new administration and also say that a “mild” recession is on the horizon, but that it will be pushed back until 2019.

By Natalie Dolce | nataliedolce | Updated on January 25, 2017

Attendees gather Tuesday for the 2017 NMHC Apartment Strategies Outlook Conference Attendees gather Tuesday for the 2017 NMHC Apartment Strategies Outlook Conference

SAN DIEGO—“Before the election, the biggest economic fear was that a recession was right around the corner, but now we feel it has been pushed out.” That was according to Jeanette Rice, Americas head of multifamily research at CBRE, who recently served on the economics panel at the 2017 NMHC Apartment Strategies Outlook Conference. “There is still a recession out there, but it will be mild.”

According to Rice, we should expect, and should experience, slightly greater growth in 2017 than we did in 2016. “A recession is at least pushed out to 2019, so 2018 should also be moderate growth.”

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