The final estimate of second quarter 2017 GDP growth (revised up two-tenths of a percentage point to 1.4%), shows that housing’s share of gross domestic product (GDP) declined from 15.6% to 15.5%. Likewise, the home building and remodeling component—residential fixed investment (RFI)—fell 0.1 percentage point to 3.5% as a share of GDP. The slower second-quarter growth of RFI subtracted 0.3 percentage point… Read More ›
Tag Archive for ‘housing services’
Residential Fixed Investment Reaches Near-Decade High
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 ›
Housing Provides Boost to GDP
Final estimates of fourth quarter 2016 GDP growth (revised up two-tenths of a percentage point to 2.1%), 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)—also held steady at 3.5% as a share of GDP. The fourth-quarter expansion of RFI added 0.35 percentage points to the headline… Read More ›
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 ›
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 ›
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 ›