Residential Construction No Longer Driving GDP Growth in U.S. or Canada
GDP’s Underpinning from Housing Starts Weakens The housing starts numbers that analysts key on are monthly ‘actual’ figures, in units, that have been seasonally adjusted and annualized (i.e., extrapolated to yield a yearly total). The acronym for such a calculation is SAAR − i.e., seasonally adjusted at an annual...
Recent Comments