GDP Archive

Is California an oil-producing state?

This blog post was written by Managing Director of Housing Research, Danielle Hale, and Research Economist, Scholastica (Gay) Cororaton. California may not be what you think of when you think US oil production, but according to statistics from the...

Retail Availability Declines as Employment Advances

U.S. macroeconomic momentum declined during the fourth quarter of 2015, buffeted by global economic slowdown and financial volatility. Based on the second estimate from the Bureau of Economic Analysis, real gross domestic product (GDP) rose at an annual rate...

Home Purchases by Foreign Buyers are Likely Easing

Over the 12-month period April 2014‒March 2015, the National Association of REALTORS® estimated that the dollar volume of home purchases of foreign buyers rose to $102 billion, led by purchases from Chinese buyers. While NAR is yet to conduct...

More Workers Filed Unemployment Insurance Claims in January 2016

The number of workers starting a period of unemployment is on the rise. The U.S. Department of Labor reported that in the week ended January 30, 2016 285,000 claims were filed, an increase of 8,000 from the previous week’s...

Latest GDP (4th Quarter 2015)

Economic growth was feeble in the final quarter of 2015, rising only 0.7 percent. One bright spot, however, was the housing sector, which through new home construction and rising home sales drove housing investment to rise by 8.2 percent....