Fannie Mae’s Economic & Strategic Research Group has announced that the
strengthening of the housing market is pushing the economy forward but the
country’s growth has yet to reach its full potential.
While we are currently
experiencing a prolonged period of steady economic growth, it is expected that
growth will remain below 2.0 percent for the first half of the year, with
gradual strengthening in the second half of 2013 and into 2014.
The ongoing
recovery in housing has contributed greatly to an economy moving in a positive
direction, thanks to home prices, home sales, and homebuilding activity showing
signs of long-term improvement. In fact, growth is expected to surpass 2.5
percent in 2014 due to improved conditions in the housing market.
For more info see fanniemae news/2013/
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