Fannie Mae says housing to boost GDP for first time in seven years
OtherThe housing market is expected to make a positive contribution to gross domestic product for the first time in seven years in 2012, albeit a very modest one, Fannie Maesaid Tuesday. The government-sponsored enterprise reported GDP growth of 2.8% in the fourth quarter of 2011 and predicted a growth rate of 2.3% in 2012, up from 1.6% last year. Fannie said any contributions from the housing sector will be modest. Housing also showed signs of improvement late last year with […]