Events

View All

News Feed

View All
  • Housing Share of GDP Holds Constant

    With the release of the final estimates of fourth quarter GDP growth (2.2%), housing’s share of gross domestic product (GDP) was 15.25%, with home building and remodeling yielding 3.09 percentage points of that total. Housing-related activities contribute to GDP in two basic ways. The first is through residential fixed investment (RFI). RFI is effectively the measure of the home building and… Read More ›

    Categories: Uncategorized
    Tags:


  • Pending Sales Strong: First-Time Buyers Join In?

    The Pending Home Sales Index increased 3.1% in February, and was up 12.0% from the same period a year ago. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased to 106.9 in February, up from a downwardly revised 103.7 in January. The PHSI increased year-over-year for the… Read More ›

    Categories: Uncategorized
    Tags:


  • GDP Growth in the Fourth Quarter – Third Estimate

    In the third estimate of real GDP growth for the fourth quarter of 2014 the Bureau of Economic Analysis (BEA) reported a seasonally adjusted annual rate of 2.2%, unchanged from the second estimate. The composition of growth changed marginally, but the overall performance of the economy in the fourth quarter was unchanged. Upward revisions to personal consumption expenditures (PCE), residential… Read More ›

    Categories: Uncategorized
    Tags: