CSPAN Politics Public Policy Today February 12, 2013
Be a net subtraction from Economic Activity in 2009, 2010, 2011. Finally in 2012, housing began to contribute. It contributes to through the pickup of home sales, Housing Starts and floated through residential fixed investment. Fourth quarter, residential residential fixed investment contributed about 0. 4 of overall and gdp growth or helped it be less negative. What we were expecting to see is we would see a bigger role for housing in supporting Economic Growth in 2013. We are expecting 2013 housing for residential fixed investment will contribute close to half a percentage point in overall g...