Shelter Six:  Economic Forecast Points to a Strong 2019

1. Economically, 2019 is going to be another year of positive growth for GA. According to UGA’s Terry School of Business, look for GA to outperform the U.S. as a whole for the 6th straight year.

2. The GA economy has been expanding for roughly nine years and is presently well-balanced and, absent a full-blown trade war, the risk of a recession is low.

3. Job gains will be more modest in 2019 but the state’s population is growing evidenced by 43K people new to GA last year.  This figure is projected to grow even larger in 2019.

4. GA is now the 11th largest export state and 7th largest import state in the country.  Also, 26 Fortune 1000 Companies now have headquarters in Atlanta (only behind NYC and Houston).

5. Major boosts to GA’s economy will come from large economic development projects, higher defense spending, and population growth.

6. The biggest threats are tariffs and trade tensions, rising interest rates, labor markets without enough workers, and soaring energy prices.

Rate Update

In a very slow holiday week, mortgage rates were flat last week and maintained levels that were the lowest in four months.

This Week

It’s a big end of the week with ADP Employment, Weekly Job Claims, and the ISM Index all due out on Thursday followed by Employment figures to be released on Friday morning.

December 31, 2018 by · Leave a Comment

About James

James A. Williamson is currently the Sr VP of Sales Development for Shelter Lending Services (formerly Fairfield Mortgage). James joined Shelter in 1994 and was the company's top Loan Officer in GA for 20 straight years helping over 2500 families finance their homes. James now oversees an incredible group of Loan Officers in Atlanta while further building Shelter's Atlanta business.

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