Housing looks even better today than yesterday | South Salem Real Estate

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The chief US economist for Deutsche Bank, Joseph LaVorgna, tweeted some great news a little while ago.
He push-posted an economic review of the housing industry that shows the recovery is doing even better than originally thought:
“We believe investors still do not fully appreciate the direct positive effects a rejuvenated housing
sector will have on the economic outlook,” according to the report LaVorgna is tweeting about.
“When combing through the GDP accounts, we estimate that total housing-related spending — beyond just residential construction — accounts for a much larger share of the economy than some market participants currently may believe,” the analysts write.


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