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On cars and houses
[By Josh Velazquez CMPS]
jvelazquez@bankingunusual.com
The US economy is roaring back to life as measured by the two largest purchases that people make: cars and houses. The interesting thing is that the uptick in sales is not being driven by artificial government incentives.
Instead, consumer demand is the main driver. It’s also interesting to note the impact of housing on your local economy.
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According to data compiled by the Bureau of Economic Analysis (BEA) and the National Association of Realtors (NAR), the value of construction as well as real estate and rental and leasing represents approximately 16.8% of the US economy, but the impact is much larger in some states.
Click here to check out the impact of housing in your state.
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- HOSPITALS: http://www.crcpress.com/product/isbn/9781466558731
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- FINANCE: Financial Planning for Physicians and Advisors
- INSURANCE: Risk Management and Insurance Strategies for Physicians and Advisors
- Dictionary of Health Economics and Finance
- Dictionary of Health Information Technology and Security
- Dictionary of Health Insurance and Managed Care
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Filed under: Alternative Investments, Investing, Op-Editorials, Research & Development | Tagged: Bureau of Economic Analysis, Josh Velazquez, National Association of Realtors, US economy | 3 Comments »
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