Fourth Quarter GDP: Stripped Gears

The final GDP growth for 2018 remained at 2.9% even after the quarter to quarter growth rate was reduced from 2.6% to 2.2% and the same quarter growth rate was revised from 3.1% to 3.0%. There were downward revisions to all four main categories for the annualized, quarter to quarter growth, and three of the four categories for the same quarter GDP calculations.

February Real Estate Data Could Spike

The housing data from the first month or two often set the pace fr the rest of the year. This year, we missed the starting gun because of the Government Shutdown. It is possible that we could receive a larger than expected bounce in the new construction data, the new home sales data, and the existing home sale data. This is a twelve lap race and we are in lap two.