Eye On Housing
The Bureau of Economic Analysis (BEA) released the third estimate of real GDP growth for the second quarter of 2013. Real GDP grew at a seasonally adjusted annual rate of 2.5%, unchanged from the second estimate last month. Downward revisions to inventory investment and exports were offset by upward revisions to state and local government spending. Real GDP growth in… Read More ›
Tag Archive for ‘gdp’
GDP Growth in the Second Quarter, Second Estimate – Gaining Strength
The Bureau of Economic Analysis (BEA) released the second estimate of real GDP growth for the second quarter of 2013. Real GDP grew at a seasonally adjusted annual rate of 2.5%, revised up from the advance estimate last month of 1.7% second quarter growth. The upward revision was due primarily to stronger exports and weaker imports (which subtract from GDP),… Read More ›
GDP Growth in the First Quarter – Second Estimate
The Bureau of Economic Analysis (BEA) second estimate of real GDP growth for the first quarter of 2013 is 2.4%, revised down from 2.5% in the advance estimate. Stronger personal consumption expenditures (PCE) and less drag from weaker imports were offset by weaker growth in inventory investment, exports and state and local government spending than in the initial estimates. Real… Read More ›
Housing is Contributing to Economic Growth
Over the last two years, home building has experienced significant growth, albeit off of low levels. And this expansion has added to overall growth of Gross Domestic Product (GDP). In fact, since the last quarter of 2011, advances in home building have been responsible for 20% of total economic expansion. While the economy as a whole has slowed somewhat over the last year,… Read More ›
GDP Growth in the First Quarter – Better and Sadly Maybe the Best
The Bureau of Economic Analysis (BEA) advance estimate of real GDP growth for the first quarter of 2013 is 2.5%, somewhat bouncing back from the 0.4% growth last quarter. The largest contributions to growth came from accelerating personal consumption expenditures and inventory investment. Growth was restrained by continuing declines in the government sector and a surge in imports that outpaced… Read More ›
GDP Growth – Inching Up, But Trouble Ahead
The Bureau of Economic Analysis (BEA) third estimate of real GDP growth for the fourth quarter of 2012 revises growth up to +0.4% from the initial estimate of -0.1% in the advance estimate and +0.1% in the second estimate. Non-residential fixed investment and exports were revised upward, personal consumption expenditures were revised downward. Real GDP grew at a 3.1% annual… Read More ›
GDP Growth in the Fourth Quarter – Second Estimate
The Bureau of Economic Analysis (BEA) released the second estimate of real GDP growth for the fourth quarter of 2012. The BEA advises that the revised estimate is based on more complete source data than were available at the time of the advance estimate. Real GDP growth was revised upward by 0.2 percentage points, from -0.1% in the advance estimate… Read More ›
Near Term Economic Growth – A Fiscal Cliffhanger II
The Bureau of Economic Analysis (BEA) released the third (and final) estimate of real GDP growth for the third quarter of 2012. Growth was revised to a seasonally adjusted annual rate of 3.1%, up from 2.7% in the second estimate (last month) and 2.0% in the advance estimate (October), a marked improvement from the second quarter pace of 1.3%. The… Read More ›
Near Term Economic Growth – A Fiscal Cliffhanger
The Bureau of Economic Analysis (BEA) released the second estimate of real GDP growth for the third quarter of 2012. Growth was revised upward to a seasonally adjusted annual rate of 2.7%, up from 2.0% in the advance estimate last month. Real GDP grew at a 1.3% pace in the second quarter. The revision was largely due to upward revisions… Read More ›
GDP Growth in the Third Quarter – Improved But Still Slow
The Bureau of Economic Analysis (BEA) released the advance estimate of real GDP growth for the third quarter of 2012 last week. Real GDP grew at a seasonally adjusted annual rate of 2.0%, up from 1.3% in the second quarter. Key contributors to growth were personal consumption expenditures (PCE), federal government defense spending and residential fixed investment (RFI). Growth in… Read More ›