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 ›...(read more)

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