Housing’s Share of GDP Starts Off Strong in 2022

New data is showing that housing’s share of the U.S. GDP edged higher in Q1, 2022, while overall GDP growth declined at a 1.4% annual rate. The NAHB’s Eye on Housing is reporting that housing’s share of GDP increased to 16.7%, coming off of a 14-year high of 17.8% during Q2, 2020. In addition, they point out that Housing-related activities contribute to GDP in two basic ways. The first is through residential fixed investment (RFI) – which is effectively the measure of the home building, multifamily development, and remodeling contributions to GDP. Continue reading HERE...