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The Greater San Antonio

Builders Association

Presents the

WELLS FARGO

ECONOMIC CLASS

Feb 5 | 11:30 am -1:00 pm

GSABA Ballroom

Cost: $15 | Tickets available at sabuilders.com Mark Vitner, Managing Director
Includes handouts & lunch
and Senior Economist at
Topics will include: Wells Fargo, is responsible

• After a strong Q2 and Q3, economic growth appears for tracking U.S. and regional
to be moderating. Forward looking indicators suggest economic trends. He provides
consumer spending, housing and business fixed regular updates on the housing
investment are all set to slow in coming quarters.
markets, commercial real
• The Fed’s rhetoric has raised questions about how fast estate, regional economies,
and how high they intend to raise interest rates, fueling consumer spending, and issues
financial market uncertainty. Look for the Fed to once impacting small business. Mark’s
again become data driven as opposed to target driven.
commentary has been featured in The New York Times, The
• The Trump Administration’s confrontational negotiating Wall Street Journal, Bloomberg, and many other publications.
tactics have led to increased uncertainty but may also
bring about some much needed changes from China. Partnerships Available! Call 210-696-3800 and ask
Trade relations are likely to remain contentious. for Kristi Sutterfield | ksutterfield@sabuilders.com
• The housing market continues to lose momentum,
as higher mortgage rates and higher home prices ®
further reduce affordability. Slowing demand is boosting
inventories and is moderating price appreciation.