Wednesday, November 28th, 2007

Projected Metro Area GDP Growth and Impact of Housing Market

The US Conference of Mayors issued a report with a forecast of metro area GDP growth, along with the projected drag from the subprime mortgage fallout. Below is where some of the cities I covered stacked up. I’m not sure how this was calculated. I’ve run several articles, for example, stressing the severity of the foreclosure problem in Cleveland, but that city is projected to have no impact from it. Caveat emptor.

City GDP Growth Subprime Impact
Charlotte 4.0% (1.0%)
Minneapolis 3.3%
Indianapolis 2.6%
Columbus 2.5%
Milwaukee 2.5%
Nashville 2.5% (0.7%)
Portland 2.2% (0.7%)
Kansas City 1.9% (0.7%)
Louisville 1.7% (0.6%)
Cleveland 1.6%
Cincinnati 1.5% (0.5%)

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