Real Estate News

August 15, 2014 12:52 PM

Housing-related spending significant part of GDP bounce

Housing-related expenditures totaled 17.5 percent of the nation’s total Gross Domestic Product in the second quarter this year, when the overall GDP climbed at a 4 percent clip, up from a -2.1 percent rate in the first quarter, according to CoreLogic, which tracks and forecasts housing.

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