Fannie Mae: GDP Details Continue to Signal Strong Economy as New, Pending Home Sales Rise
April 28, 2024
April 28, 2024
WASHINGTON, April 28 -- Fannie Mae issued the following economic and housing weekly note on April 26, 2024, by Nathaniel Drake of the Economic and Strategic Research Group:
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Key Takeaways:
* Gross domestic product (GDP), adjusted for inflation, increased at a 1.6 percent seasonally adjusted annualized rate (SAAR) in Q1 2024, a deceleration from the 3.4 percent annualized growth rate in the prior quarter, according to the Bureau of Economic Analysis (BE . . .
* * *
Key Takeaways:
* Gross domestic product (GDP), adjusted for inflation, increased at a 1.6 percent seasonally adjusted annualized rate (SAAR) in Q1 2024, a deceleration from the 3.4 percent annualized growth rate in the prior quarter, according to the Bureau of Economic Analysis (BE . . .