April 24, 2024 11:39 pm
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GDP growth in Q2 ticks up with third estimate

GDP

GDPBy Michael Neal | NAHB

The U.S. Bureau of Economic Analysis (BEA) released its third estimate of the nation’s economy for the second quarter of 2017. According to the release, faster economic growth was maintained over the second quarter. The nation’s economy, measured by real gross domestic product (GDP), rose by 3.1 percent over the April to June period. This rate of growth exceeds the 1.2 percent pace recorded in the first quarter of 2017 and is the highest of the three second quarter growth estimates.

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New home sales post solid gain in March

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