Declines for Housing Share of GDP

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With the release of the first estimate of third quarter 2018 GDP growth (a 3.5% annual growth rate), housing’s share of gross domestic product (GDP) fell slightly to 14.9%. The home building and remodeling component – residential fixed investment – also decreased slightly, falling to 3.25% Housing-related activities contribute to GDP in two basic ways. The first is through residential fixed investment (RFI). RFI is… Read More ›

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