Housing’s Contribution to GDP: 3Q13


Eye on Housing

Housing is an important source of economic growth. As of the third quarter of 2013, housing’s share of gross domestic product (GDP) was 15.6%, with home building yielding 3.2 percentage points of that total.

housing share of GDP_3q13.png

Housing-related activities contribute to GDP in two basic ways.

The first is through residential fixed investment (RFI). RFI is effectively the measure of the home building and remodeling contribution to GDP. It includes construction of new single-family and multifamily structures, residential remodeling, production of manufactured homes and brokers’ fees. For the third quarter, RFI was 3.2% of the economy.

Over the last two years, the pace of RFI has grown by $119 billion while GDP has grown by $728 billion (as measured in 2009 dollars). Thus, home building growth has been equal to more than 16% of GDP growth. Over just the last year, the figure is even larger: 26% of GDP growth. It should be noted that GDP is a measure which includes both…

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SG22: Builders looking for Residential Lots in Portland Oregon.


Oregon Real Estate Wanted


 

 

Status: Active

Buyer  SG22

Price: Will Depend On Property

Type: Buildable Residential  Lots only

Size N/A

Bed: N/A

Bath: N/A

Lot Size: Any Size

Style: Infill/Urban Lots and Land

Financing:

All Cash, Seller Carry Options (Land Sales Contract and Personal Deed of Trust).

Pre-Approved:

All Cash or Seller Carry.   Will depend on the sales price and zoning of property.

Location(s):

Portland Metro Area,  Close in North, Northeast, Northwest,  Southeast and Southwest Portland

Must Haves:

Property must be zoned residential.

Must be a build able lot.

Will consider Flag lots

Will consider properties with homes or structures located on it

 

Will Consider:

 

Homes with large lots

Multi Family properties on large lots

 

 

Will Not Consider:

Farm or Forrest Land.

Will not consider commercially zoned properties

Will not consider lots in which structures cannot be built on..

If you have a home…

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