The $350 billion housing gap
HousingWire
Feb. 16, 2012
The Bipartisan Policy Center published a graphic this week showing how far housing is falling.
BPC is a Washington think tank founded by four former senators, including Bob Dole. Analysts there organized data from the Bureau of Economic Analysis and Robert Charles Lesser & Co., a real estate data firm.
According to the results, the housing industry contribution to U.S. GDP growth sheared off by more than half to 2.7% in the second quarter of 2011 since the peak in 2005.
BPC Bulletin
2012
2011
January
February
March
April
May
June
July
August
September
October
November
December
Infographic
Based on the housing industry’s average share of Gross Domestic Product (GDP) from 1980 to 2007, the infographic illustrates that 2.3 percent or $350 billion is “missing” in potential growth.
Stay Connected
