News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Robert Denk / Eye on Housing / February 27, 2015
The Bureau of Economic Analysis (BEA) released its second estimate of real GDP growth for the fourth quarter of 2014. Growth in economic output was revised downward to a seasonally adjusted annual rate of 2.2% from an “advance” estimate of 2.6%. The second estimate is based on more complete information than was available for the initial estimate. The slower pace of growth reflects less inventory investment but more fixed nonresidential investment. Imports (which subtract from GDP growth) and spending by state and local governments were also revised upward. GDP grew at an annual rateRead More
Jeff Leieritz / Associated Builders and Contractors, Inc. / April 30, 2014Read More
Robert Dietz / NAHB / October 3, 2013
Housing is an important source of economic growth. As of the second quarter of 2013, housing’s share of gross domestic product (GDP) was 15.6%, with home building yielding 3.1 percentage points of that total.
Housing-related activities contribute to GDP in two basic ways.
The first is through residential fixed investment (RFI). RFI is effectively the measure of the home building and remodeling contribution to GDP. It includes construction of new single-family and multifamily structures, residential remodeling, production of manufactured homes and brokers’ fees. For the secondRead More
The Wall Street Journal / August 11, 2013
The U.S. economic growth outlook has been upgraded to decent from lousy—which, while some distance from good, is likely good enough for the Federal Reserve to pull back on its stimulus later this year.
On the positive side, fears of another downturn are minimal. Economists in the latest Wall Street Journal economic forecasting survey put less than a 15% chance on another recession hitting in the next 12 months.
But at the same time, they put only a 13% chance that growth in gross domestic product this year will be stronger than the long-run average of 3.5%.
The latest GDP data released last monthRead More
CNN Money / June 4, 2013
From supermarkets to microchips, the recovery in housing is boosting stocks across the board. CNN/Money has the video analysis. The Builder Pulse take-away: Since households account for two of every three GDP dollars, there’s no multiplier effect quite like it