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Tag Archives: Economy

GDP Growth Healthy in Q2

The U.S. economy experienced a sharp turnaround from the first quarter to the second, fueling hopes of a rebound as the rest of the year plays out. Real gross domestic product (GDP) increased at an annual rate of 4.0 percent in the second quarter of the year, according to an advance estimate released by the Commerce Department. Growth came in at the high end of a survey of economists, with the consensus forecast calling for an increase of 3.1 percent.

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Winter, Affordability Hampers Fannie Mae Growth

In its latest economic forecast, released Wednesday, Fannie Mae reported that housing remains the weakest link in the national economy. Through the first three months of 2014, existing-home sales, new single-family home sales, single-family housing starts, and multifamily housing starts all declined year-over-year.

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Experts Undecided on Cause of Affordability Concerns

2015 HUD

In a survey of 106 economists, real estate experts, and investment and market strategists, Zillow found a slight majority—28 percent—pinned the most blame for declining affordability on stagnant income growth across the country, even as the rest of the economy has moved in a generally positive direction.

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Economic Outlook Positive for Spring Season

According to the UCLA Anderson Forecast, the one-two punch of harsh winter weather in the East and a nagging drought in the West (namely California) stalled industries from real estate to factory production, putting a tight chokehold on the national economy.

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