Despite Share of GPD in Third Quarter, Housing Still Below Average

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January 06, 2015

Although the housing market held a 15 percent share of the GDP during the third quarter of 2014, it’s still below the average of 17 and 18 percent, HousingWire stated. Homebuilding and remodeling also had a 3 percent total of the housing market’s share, below the historic average of 5 percent.
 
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