Despite Share of GPD in Third Quarter, Housing Still Below Average

Jan. 6, 2015

Although the housing market held a 15 percent share of the GDP during the third quarter of 2014, it’s still below the average of 17 and 18 percent, HousingWire stated. Homebuilding and remodeling also had a 3 percent total of the housing market’s share, below the historic average of 5 percent.