What to Expect From Housing and Consumer Spending in 2018

The video discusses the housing market's month-over-month changes, highlighting a significant increase since January 1992. It examines factors like post-hurricane recovery and tax overhaul anticipation affecting demand. The limited housing supply, both in existing and new homes, is noted as a constraint on sales. The video also explores consumer spending, showing a rise in November, driven by increasing income, suggesting continued economic growth into 2018.

In what ways is consumer spending expected to change going into 2018?

What role do consumers play in driving economic growth according to the text?