Will House Prices Increase "a further 16% by the end of 2022"?

This note is based on a new Goldman Sachs Forecast

Yesterday, Goldman Sachs economist Ronnie Walker wrote a research note forecasting US house prices would increase a further 16% by the end of 2022: The Housing Shortage: Prices, Rents, and Deregulation. This caused quite a stir on twitter. Here is a brief excerpt from the note (emphasis added):

Of all the shortages afflicting the US economy, the housi…