Report
Data Round-Up: Soft Housing Starts Point to Modest Residential Gain in 17Q2 GDP
posted by Michael Lewis on June 16, 2017
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Headline
Housing starts disappointed in May. Real residential investment was sure to moderate after its +14% surge in 17Q1. Now, FMI expects the sector will post only a modest gain, if that. Overall, however, we are still tracking +3% real GDP growth for 17Q2.
Abstract
FMI’s analyses of this morning’s May Housing Starts report plus May U.S. Dollar & Trade Prices and May Bank Lending & Money Supply results.