Tag Archives: Freddie Mac: Housing is the juice of the recovery

Freddie Mac in its latest housing outlook made the claim that housing is the “juice” needed for the economic recovery to fully accelerate. This is especially true when looking at the potential for building construction to spur economic activity. Analysts at Freddie Mac anticipate GDP growth of 2% to 2.5% in 2013, below its 3% to 3.5% potential. The percent of the population participating in the labor market was at 63% as of April 2013, lower than any time since 1980. However, the relationship between the unemployment rate for construction […]