Reuters references low rates. Experience proves this is a sustainable cycle driven by consumer confidence and a significantly improving economy that will continue as rates rise with the recovery then expansion of the US economy.
With the combination of a longer recession creating pent up demand and the 75% reduction of Mortgage Providers since the recession, SEM is anticipating a much higher growth rate than the 625% that SEM experienced in 2000 – 2004. This data along with a few other inputs was used to extrapolate the capacity needed for 2012 + 4 years and was our road map for the changes we made to production capacity in the 4th Qtr of 2011.
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