Watching the Economy by Clint Burdett CMC® FIMC
Will Housing Accelerate the Recovery?
March 3, 2013
Bill McBride, CalculatedRisk, "pointed out there are usually two bottoms for housing: the first for new home sales, housing starts and residential investment, and the second bottom is for house prices."
We see the beginning of our recovery engine, housing investment, accelerating (contribution to GDP).
In about a year, we'll understand if the budget antics in Washington had a negative, neutral or positive impact on housing investment to return GDP year of year growth to about 3% to sustain a recovery.
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