Eye On Housing
Final estimates of first quarter 2017 GDP growth (revised up two-tenths of a percentage point to 1.4%), show that housing’s share of gross domestic product (GDP) was unchanged at 15.6%. The home building and remodeling component—residential fixed investment (RFI)—increased 0.1 percentage point to 3.6% as a share of GDP. The first-quarter expansion of RFI added 0.48 percentage point to the… Read More ›
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 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 ›
The Bureau of Economic Analysis (BEA) released the advance estimate of real GDP growth for the second quarter of 2013 and the Federal Open Market Committee (FOMC) concluded its two day meeting with the release of the traditional statement reporting on the committee’s actions. These two reports have been much anticipated as analysts track the pace of the economic recovery… Read More ›
The Bureau of Economic Analysis (BEA) released its third estimate of real GDP growth for the first quarter of 2013 based on more complete data than was available for the earlier estimates. First quarter growth was revised down to a 1.8% annual rate from 2.4% in the second estimate. The reduction was concentrated primarily in personal consumption expenditures (PCE) which… Read More ›
The Bureau of Economic Analysis (BEA) released the advance estimate of real GDP growth for the fourth quarter of 2012. Economic output, as reflected by real GDP growth, shrank at a seasonally adjusted annual rate of 0.1%. Most analysts expected growth to slow from the third quarter pace of 3.1% but the negative growth figure, while slight, was a surprise…. Read More ›