US Homebuilding Is Weathering the Fed’s Hikes

I’m Chris Anstey, a senior economics editor in Boston and today we’re looking at the US housing market. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.

Tucked away in the revised US GDP report last week was a remarkable turnaround in the housing market: residential investment contributed to economic growth for the first time in well over two years.