AWI e-briefs - 08/19/2010 (Plain Text Version)

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Signs of Moderately Faster Economic Growth

Gross domestic product advanced at an annual rate of 2.4% in the second quarter, and while the National Association of Home Builders (NAHB) and other economists would like to see faster progress, the big news is that GDP experienced its fourth consecutive quarterly increase.

NAHB’s Chief Economist David Crowe said that while there were variations in the pace of GDP growth, it is not unusual considering the country is coming out of a recession. He points to other positive signs like consumer spending, business investment taking advantage of low interest rates, and federal distribution of funds under the American Recovery and Reinvestment Act. Finally, Crowe said that companies are building their inventories, which is another positive sign of growth.

For more details, see the NAHB Eye on the Eonomy (free subscription) of August 4th here.  [Return to top]