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Real Estate
Jing Fu

GDP Unexpectedly Decreases in the First Quarter

In the first quarter of 2022, real GDP declined for the first time since the pandemic recession, as inflation surged to a 40-year high and supply chain disruptions remain persistent. This quarter’s decrease reflected a deceleration in private inventory investment, decreases in exports and government

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Real Estate
Danushka Nanayakkara-Skillington

2021 State-Level GDP Data: Rebounding

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in 2021 as the economy continued recover from the COVID-19 crisis. According to the U.S. Bureau of Economic Analysis (BEA), the percent change increase in real GDP ranged from 8.6 percent

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Real Estate
Jing Fu

Inventories Boost Fourth Quarter GDP Growth

Real GDP growth accelerated in the fourth quarter of 2021 despite omicron’s spread. This quarter’s growth reflected strong gains in private inventory investment and consumer spending. According to the “advance” estimate released by the Bureau of Economic Analysis (BEA), real gross domestic product (GDP) increased at

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Real Estate
Danushka Nanayakkara-Skillington

State-Level GDP in the Third Quarter of 2021

Real gross domestic product (GDP) increased in 37 states and the District of Columbia in the third quarter of 2021 compared to the second quarter of 2021. According to the U.S. Bureau of Economic Analysis (BEA), the percent change increase in real GDP ranged from 6.0

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Real Estate
Jing Fu

Economic Growth Decelerates in the Third Quarter of 2021

By Jing Fu on October 28, 2021 • Real GDP growth slowed to a moderate pace in the third quarter of 2021, as supply-chain disruptions continued, the cost of living rose, and 4.3 million workers quit their jobs. According to the “advance” estimate  released by

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