Tag Archive for ‘economic growth’

Housing Share of GDP Essentially Unchanged

With the release of the final estimates of third quarter 2016 GDP growth (revised up three-tenths to a 3.5% growth rate), housing’s share of gross domestic product (GDP) fell 0.1 percentage point to 15.6%. The home building and remodeling component—residential fixed investment—as a share of GDP held steady at 3.5%. Housing-related activities contribute to GDP in two basic ways. The… Read More ›

Housing Share of GDP Expands

With the release of the final estimates of first quarter 2016 GDP growth (revised up two-tenths to a 1.1% growth rate), housing’s share of gross domestic product (GDP) ticked up slightly to 15.4%.  The home building and remodeling component – residential fixed investment – as a share of GDP expanded to 3.4%. Housing-related activities contribute to GDP in two basic… Read More ›

Real GDP Growth Slows in the Third Quarter

Today, the Bureau of Economic Analysis (BEA) released its “advance” estimate of real GDP growth for the third quarter of 2015.  According to the release, in the third quarter real GDP grew at a seasonally adjusted annual rate of 1.5 percent, down from 3.9 percent in the second quarter.  Monthly data that had been trickling in, especially data on inventories, made… Read More ›

GDP and FOMC – How Do You Spell Relief?

An almost audible sigh of relief is conveyed in the statement that followed the July meeting of the Federal Open Market Committee (FOMC) as the committee upgraded its assessment of the economy and the Bureau of Economic Analysis (BEA) released estimates of economic activity for the April to June quarter, including 4.0% growth in GDP. The BEA reported that real… Read More ›