Housing’s Share of GDP Surpasses 16% for 1st Time Since 2022

The NAHB’s Eye on Housing says housing’s share of the economy rose to 16.1% in the first quarter of 2024, after remaining below 16% for all of 2023.  They say this increase to above 16% marks the first-time housing’s share of GDP is above 16% since 2022.  Housing-related activities contribute to GDP in two basic … Continue reading Housing’s Share of GDP Surpasses 16% for 1st Time Since 2022