Currently Reading

Housing Provides Boost To GDP

Advertisement
Economics

Housing Provides Boost To GDP


April 4, 2017

Final estimates of fourth-quarter 2016 gross domestic product (GDP) growth (revised up two-tenths of a percentage point to 2.1 percent), show that housing’s share of GDP was unchanged at 15.6 percent, according to NAHB. The home building and remodeling component—residential fixed investment (RFI)—also held steady at 3.5 percent as a share of GDP. However, the fourth-quarter expansion of RFI added 0.35 percentage points to the headline GDP growth rate. RFI has added an average 0.25 percentage points to quarterly GDP growth since 2012.

Read more

Related Stories

Economics

Why Did Mortgage Rates Rise Last Week?

The recent uptick in mortgage rates come as a result of the senate runoff elections in Georgia last week, says Zillow. The close race in Georgia…

Financing

Mortgage Rates Creep Up, Send Homeowners Running to Refinance

Homeowners who have been hesitant to refinance their mortgages are now running as mortgage rates creeped up last week. Going from 2.86% to 2.88%…

Multifamily

3 Million Unemployed Renters Remain Burdened by Housing Costs

There are an estimated 3 million renters who remain unemployed from March that face intense housing cost burdens. Thanks to the new stimulus…

Advertisement
Advertisement

More in Category




Advertisement
Advertisement

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.