Tag Archive for ‘gdp’

Housing Nearly 17% of GDP

Thanks to a surge in residential investment during 2020, housing’s share of GDP remains elevated compared to recent years. Last year’s market conditions involved a renewed focus on the importance of home, an evolving geography of housing demand, and a lack of for-sale inventory. Housing will continue to expand in 2021, although as the rest of the economy recovers, the… Read More ›

GDP Back to Pre-Pandemic Level

In the second quarter of 2021, real GDP surged and returned its pre-pandemic level as the economy continued to reopen. This quarter’s growth reflected strong gains for consumer and state and local government spending. However, the second quarter gain did come in below consensus estimates. According to the “advance” estimate  released by the Bureau of Economic Analysis (BEA), real gross… Read More ›

Strong Gain for Consumption in the First Quarter of 2021

In the first quarter of 2021, real GDP surged and approached its pre-pandemic level as the economy continued to reopen. This quarter’s growth reflected strong gains for consumer and government spending. According to the “advance” estimate  released by the Bureau of Economic Analysis (BEA), real gross domestic product (GDP) increased at an annual rate of 6.4% in the first quarter… Read More ›

State-Level GDP in 2020

Real gross domestic product (GDP) decreased in all 50 states and the District of Columbia in 2020 compared to 2019 as a result of widespread economic shutdown due to COVID-19. According to the U.S. Bureau of Economic Analysis (BEA), the percent change in real GDP ranged from 0.1 percent decline in Utah to 8.0 percent decline in Hawaii. Nationwide, growth in… Read More ›

U.S. GDP Expanded in the Fourth Quarter

The U.S. economy continued to grow in the fourth quarter of 2020 but was remained below pre-recession levels. This quarter’s growth reflected both the economic recovery from the current recession and the ongoing impact of the COVID-19 pandemic. According to the “advance” estimate  released by the Bureau of Economic Analysis (BEA), real gross domestic product (GDP) increased at an annual… Read More ›

Sharp Rebound in Real GDP in All States and D.C. in the Third Quarter of 2020

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia, in the third  quarter of 2020 compared to the previous quarter. The U.S. Bureau of Economic Analysis reported real GDP growth rates, measured on a seasonally adjusted annual rate basis, ranged from 52.2% in Nevada to 19.2% in the District of Columbia. Nationwide, real GDP growth… Read More ›

Open-Ended Credit Rebounds in Third Quarter

The Federal Reserve’s latest G.19 Consumer Credit Report shows trends in consumer credit, excluding loans secured by real estate, through September 2020. In the third quarter of 2020, consumer credit increased at a seasonally adjusted annual rate of 2-1/4 percent, while nonrevolving credit increased by 4 percent and revolving credit decreased by 2-1/2 percent. In September, consumer credit increased at… Read More ›

U.S. GDP Rebounded in the Third Quarter

The U.S. economy rose at the fastest rate on record in the third quarter of 2020 as the economy recovery took hold. Real GDP in the third quarter was close to the pre-recession level, but further recovery is needed. According to the “advance” estimate  released by the Bureau of Economic Analysis (BEA), real gross domestic product (GDP) increased at an… Read More ›