Tag Archive for ‘gross domestic product’

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 ›

Single-Family Construction Up in November

NAHB analysis of Census Construction Spending data shows that total private residential construction spending fell 0.7% in November to a seasonally adjusted annual rate of $462.9 billion. Multifamily construction spending slowed for the first time since July to a seasonally-adjusted annual rate of $61.9 billion, down 2.9% from the revised October estimate. Despite the slowdown, multifamily spending was still 10.7%… Read More ›

Housing Share of GDP: Housing Services Offsets Slight RFI Decline

With the release of the final estimates of second quarter 2016 GDP growth (revised up three-tenths to a 1.4% growth rate), housing’s share of gross domestic product (GDP) held steady at 15.7%. The home building and remodeling component—residential fixed investment—as a share of GDP declined slightly to 3.5%. Housing-related activities contribute to GDP in two basic ways. The first is… Read More ›

FOMC Statement: All Eyes on December

The statement released following the September meeting of the Federal Open Market Committee (FOMC) fell in line with market expectations as the committee chose to keep the federal funds rate unchanged.  The Committee’s assessment of the economy remained positive, leaving a December rate hike very much in play.  In the statement, the Committee continued its upbeat assessment of labor and economic activity…. 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 ›

Stronger Growth Estimated for the Fourth Quarter of 2015

Real gross domestic product (GDP) increased over the fourth quarter of 2015 at a stronger than previously estimated rate. The improved strength of quarterly GDP growth reflected improvements in gross private domestic investment and imports. These improvements more than offset declines in the contributions to GDP growth made by personal consumption expenditures, government consumption expenditures, and exports. Real gross domestic… Read More ›