Eye On Housing
The Bureau of Economic Analysis (BEA) released the advance estimate of real GDP growth for the first quarter of 2014. Real GDP grew at a 0.1% seasonally adjusted annual rate, a sharper slowdown from the 2.6% growth in the fourth quarter than we expected. The slowdown was broad based, with every major category subtracting from growth except personal consumption expenditures… Read More ›
Tag Archive for ‘gdp’
GDP Growth in the Fourth Quarter – Revised Down
The Bureau of Economic Analysis (BEA) released the second estimate of real GDP growth for the fourth quarter of 2013. Real GDP growth was revised down to a 2.4% seasonally adjusted annual rate, from 3.2% in the advance estimate. The second estimate is based on more complete data than was available for the advance estimate. Real GDP grew at an… Read More ›
Housing Share of the Economy at 15.3%
Housing is an important source of economic growth. As of the final quarter of 2013, housing’s share of gross domestic product (GDP) was 15.3%, with home building yielding 3.1 percentage points of that total. Housing-related activities contribute to GDP in two basic ways. The first is through residential fixed investment (RFI). RFI is effectively the measure of the home building and… Read More ›
GDP Growth in the Fourth Quarter – What Goes Up …
The Bureau of Economic Analysis (BEA) released the advance estimate of real GDP growth for the fourth quarter of 2013. Real GDP grew at a seasonally adjusted annual rate of 3.2%. This is a slowdown from the annual rate of 4.1% in the third quarter. The slowdown in the fourth quarter puts GDP growth on a more realistic path, but… Read More ›
GDP Growth in the Third Quarter, Third Estimate – Growth That Matters
The Bureau of Economic Analysis (BEA) released the third estimate of real GDP growth for the third quarter of 2013. Real GDP growth was revised upward to a seasonally adjusted annual rate of 4.1%, from the second estimate of 3.6%. Real GDP grew at annual rate of 2.5% in the second quarter and 1.1% in the first quarter. The first… Read More ›
GDP Growth in the Third Quarter, Second Estimate – Inventory Investment, Blessing or Curse?
The Bureau of Economic Analysis (BEA) released the second estimate of real GDP growth for the third quarter of 2013. Real GDP growth was revised upward to a seasonally adjusted annual rate of 3.6%, from the advance estimate of 2.8%. Real GDP grew at annual rate of 2.5% in the second quarter and 1.1% in the first quarter. The downside… Read More ›
GDP Growth in the Second Quarter, Third Estimate – Unchanged
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 ›
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 ›