3Q GDP: Residential Investment Up at a 59% Growth Rate
Eye on Housing
OCTOBER 29, 2020
Read More › The post 3Q GDP: Residential Investment Up at a 59% Growth Rate first appeared on Eye On Housing. Housing has staged a dramatic turnaround since the spring. Due to low mortgage interest rates, a renewed focus on the importance of home, an evolving geography of housing demand, and a lack of for-sale inventory, the housing sector has been a relative bright spot for the economy. For the third quarter, overall GDP growth rebounded at a 33.1% seasonally adjusted.