29.06.2011 - Impact of the housing sector on U.S. GDP growth in the coming decade
Housing construction is an important part of the US economy, constituting 5% of the total GDP. Thus, it is relatively important for this sector to remain stable for the whole economy to grow. Conversely, a sharp drop in housing starts may not necessarily translate into a recession, as long as the other industries continue to do well. So far, housing indicators such as the housing starts and building permits have shown strength, while others such as housing prices and real estate loans made by banks, have stumbled..............................................Full Article: Source
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