HB&RACC – Housing & Economic Forecast

Ms. Skillington will provide a review and forecast of economic and housing market conditions with an eye on residential construction impacts. Housing is a bright spot for the economy in the wake of the Covid-19 crisis, and he will detail macroeconomic factors affecting housing demand, industry-level detail on supply-side headwinds that are limiting construction sector growth, and share NAHB’s economic forecast including future actions of the Federal Reserve. Skillington will also quantify geographic trends affecting housing demand, including the suburban shift – the move to lower density markets – of both single-family and multifamily construction.

Danushka Nanayakkara-Skillington is NAHB Assistant Vice President for Forecasting and Analysis. She oversees the activities of the Forecasting & Analysis section of the Economics group which includes housing market analysis, industry surveys, developing and maintaining national, regional, long-term, and remodeling expenditures forecasts. Before being promoted to Assistant Vice President, she worked at NAHB as a Senior Economist, responsible for state and local analysis. Prior to joining NAHB, Danushka worked at J.D. Power as a Senior Economic Analyst in the automotive industry. She holds a B.A. degree in Economics and Business Administration from Otterbein University and M.A. degree in Applied Economics from Johns Hopkins University.