Economy Archive

Latest GDP and Forecast

The economy grew solidly in the second quarter, expanding at a 4.6 percent annualized rate. Business spending and residential investment from new home construction are leading the way. Such a fabulous growth rate, if it can be sustained, will...

Forecast for the Economy

Incoming fresh economic data point to continued GDP expansion at a near 3 percent growth rate and about 2.5 million net new jobs over the next 12 months. Inflation remains tame – so far. But upward pressure will build...

Economic Forecast Presentation (NAR Leadership Summit 2014)

The 2014 NAR Leadership Summit, an annual event that brings together Presidents-Elect and Chief Staff Executives of the local and state associations, was held in late August in Chicago. As part of the program schedule, NAR Chief Economist Lawrence...

Jobs Impact of Existing Home Sale

The National Association of REALTORS® estimates that one job is generated or supported for every two home sales. This estimate is based on a comparison of the economic impact of an existing home sale to various measures of income....

Manufacturing Output

The manufacturing industry is expanding at the fastest pace in 3 years, according to a survey of supply managers.  The associated measure known as the ISM index hit 59.0 in August, implying more and more managers are seeing increased...