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Fannie Mae Upbeat on Housing, Economy in 2nd Half

Thursday, July 23, 2015

Despite improved consumer spending and stronger residential and non-residential investments Fannie Mae's Economic and Strategic Research team are holding to their earlier forecasts for the second half of 2015.  In their current monthly report they estimate that economic growth at an annualized 2.8 percent in the second quarter, up 0.4 percent from what they projected in June, with an acceleration during the second half to about 3.0 percent.  They were, they said, already ahead of the game, having upgraded their full year estimate of growth from 1.9 percent to 2.0 percent in June, based on earlier revisions to the GDP.

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