Housing Share of GDP: Housing Services Offsets Slight RFI Decline

With the release of the final estimates of second quarter 2016 GDP growth (revised up three-tenths to a 1.4 percent growth rate), housing’s share of gross domestic product (GDP) held steady at 15.7 percent. The home building and remodeling component—residential fixed investment—as a share of GDP declined slightly to 3.5 percent.

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