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...

Read More

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.

In a recent homebuilding note, Jay McCanless, an analyst for Sterne Agee, encourages investors to take advantage of the weakness created by national housing reports. The analyst recommends buying Meritage Homes, D.R. Horton and The Ryland Group.

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.

Read More