Exclusive: Redfin’s chief economist answers 5 tough questions

Exclusive: Redfin’s chief economist answers 5 tough questions

Nationalizing the GSEs, the silver bullet for Washington policy and more

HUD: Associated Bank ‘redlining’ settlement largest ever

HUD Secretary Castro says settlement “sends a strong message”

Housing in places like New York, San Francisco fail more than just the locals

Local policies curtail worker freedoms
W S
Investments / The Ticker

Government shutdown costs continue to accumulate

white house and dollar
/ Print / Reprints /
| Share More
/ Text Size+

Now that the government is open again, an article in CNBC notes that all of the collateral damage is not looking too attractive.

The loss of government services during the three-week shutdown will take a roughly $3.1 billion bite out of gross domestic product, according to economists at IHS Global Insight.

That represents the hit from lost government services. The shutdown also forced non-government business losses, temporary layoffs and other interruptions in business spending. The full extent of the damage won't be known for some time. Economists at Standard & Poor's estimate the total cost at about $24 billion, or a 0.6 percent GDP haircut. Others estimate about half that.

Source: CNBC
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus