Real Estate

May 20, 2013
Housing begins to directly contribute to economy

The housing sector may finally become a direct and meaningful contributor to U.S. economic growth in 2013 and beyond...

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The slow in economic activity is partly due to ongoing fiscal drags, including the budget sequester. However, a modest reacceleration is expected in the second half of this year, as the housing market continues to gain traction, Fannie Mae said in a new report.

ReWired

"When combing through the GDP accounts, we estimate that total housing-related spending—beyond
just residential construction—accounts for a much larger share of the economy than some market participants currently may believe," Deutsche Bank analysts write.

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