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 ›...(read more)

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