Housing Share of GDP: Third Quarter 2017

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With the release of the final estimate of third quarter 2017 GDP (a 3.2% annual growth rate), housing’s share of gross domestic product (GDP) declined slightly to 15.3%. However, the home building and remodeling component – residential fixed investment – held steady at 3.4%. Housing-related activities contribute to GDP in two basic ways. The first is through residential fixed investment (RFI). RFI is effectively the… Read More ›

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