“In recent weeks, housing demand has rebounded sharply, and we expect the rest of the economy to recover in the second half of the year. However, the adverse impacts to the job market and hardships for many households may persist – especially if virus cases continue to rise in several parts of the country. There are still many workers who have not returned to work, households in need of mortgage or rent forbearance and an overall sense of uncertainty ahead." --Joel Kan, Associate Vice President of Economic and Industry Forecasting with the Mortgage Bankers Association, on yesterday's gross domestic product report.