Eye On Housing
The Bureau of Economic Analysis (BEA) released the advance estimate of real GDP growth for the second quarter of 2016 plus revised estimates back to 2013. Real GDP grew at a 1.2% seasonally adjusted annual rate in the second quarter and was modestly higher overall in 2015, but the slowdown as the year unfolded was more pronounced than initially estimated,… 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 ›
The Bureau of Economic Analysis reported today that GDP, a broad measure of overall economic activity, rose by a seasonally adjusted annual rate of 1.1% in the first quarter of 2016. Today’s release is the third and final estimate of GDP growth for the quarter. The final estimate of GDP growth was revised higher from both the second and the… Read More ›
The Bureau of Economic Analysis (BEA) released the advance estimate of real GDP growth in the first quarter of 2016, reporting a seasonally adjusted annual rate of 0.5%. Economic growth has declined steadily from its recent peak of 3.9% in the second quarter of 2015. Declining activity was broad based enough to be troubling: slowing personal consumption expenditures (PCE), declines… Read More ›
The Bureau of Economic Analysis (BEA) released the third estimate of real GDP growth in the fourth quarter of 2015, reporting a seasonally adjusted annual rate of 1.4%. The three separate estimates for the quarter, based on increasingly better (more complete) data, moved GDP growth from 0.7% to 1.0% to 1.4%. The latest revisions reflect faster growth of personal consumption… Read More ›
With the release of the final estimates of fourth quarter 2015 GDP (a 1.4% annual growth rate), housing’s share of gross domestic product (GDP) was effectively unchanged at 15.30%. However, the home building and remodeling component – residential fixed investment – expanded for the fifth consecutive quarter to 3.32% of total GDP. Housing-related activities contribute to GDP in two basic ways. The first is through… Read More ›
The Bureau of Economic Analysis (BEA) released the advance estimate of real GDP growth in the fourth quarter of 2015, reporting a seasonally adjusted annual rate of 0.7%. GDP grew at an annual pace of 3.9% and 2.0% in the second and third quarters, respectively. The BEA emphasizes that the advance estimate is based on incomplete data and will be… Read More ›
The Bureau of Economic Analysis (BEA) released the third estimate of real GDP growth for the third quarter of 2015, subtracting 0.1 percentage point from the second estimate, bringing growth down to 2.0%. GDP grew at an annual pace of 3.9% in the second quarter. As with the revision from advance estimate to second, the most significant change between the… Read More ›
Up is down and down is up. The Bureau of Economic Analysis (BEA) released the second estimate of real GDP growth for the third quarter of 2015, boosting growth 0.6 percentage points to 2.1% from the advance estimate of 1.5%. Unfortunately, the boost came mainly from inventory investment, which unwound the much needed correction in the advance estimate. Personal consumption… Read More ›
Today, the Bureau of Economic Analysis (BEA) released its “advance” estimate of real GDP growth for the third quarter of 2015. According to the release, in the third quarter real GDP grew at a seasonally adjusted annual rate of 1.5 percent, down from 3.9 percent in the second quarter. Monthly data that had been trickling in, especially data on inventories, made… Read More ›