Housing’s Share of GDP Rises in Q3 2019

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The NAHB’s Eye on Housing is reporting that after declining for six consecutive quarters, the home building component of America’s gross domestic product (GDP) increased during Q3 of 2019.  They attribute this gain to a housing rebound that started last spring, with the increase in single-family permits and starts.  Interestingly, they point out that while GDP in Q3 increased at 1.9%, the housing’s overall share increased by 14.6% over the same period.

Click here to read the full story at the NAHB’s Eye on Housing.

 

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Director of Education & Outreach, National Real Estate Investors Association