Gross State Product Archive

Housing’s Large Economic Impact

Find out how much the real estate industry is affecting the gross state product for your area. The impact can be direct or indirect, but housing is a significant driver of economic activity. In 2013, the value of construction...

Even in Bad Times, Real Estate’s Impact is Big

Historically real estate has played an important role in the U.S. economy. One reason for the economy’s sluggish recovery has been problems in the mortgage finance sector that have constrained a traditional housing-led expansion. While real estate’s share of...