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  • Metro East REIA

Housing’s Share of the Economy Lower in Q2 2023

The NAHB’s Eye on Housing says at the end of Q2 2023, housing’s share of the economy was 15.8%, while overall GDP increased for the 4th consecutive quarter – increasing at an annual rate of 2.4%. They say housing-related activities contribute to the U.S. GDP in two basic ways. First; through residential fixed investment (RFI) – effectively the measure of the home building, multifamily development, and remodeling contributions to GDP. Continue reading HERE...

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Existing-Home Sales Up 3.1% in January

The National Association of Realtors is reporting that existing home sales were up 3.1% in January to a seasonally-adjusted annual rate of 4 million (down 1.7% year over year). Total housing inventor


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