Real Estate

May 21, 2013
Recovering housing market buoys The Home Depot earnings

"In the first quarter, we saw less favorable weather compared to last year, but we continue to see benefit from a...

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The housing sector may finally become a direct and meaningful contributor to U.S. economic growth in 2013 and beyond, according to NewOak CEO and Co-Founder Ron D’Vari.

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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