Home, Sweet Home: How The Homebuilding Industry Shapes The Economy - Yahoo Finance

These investments include the construction of new single-family and multi-family structures, residential remodeling, the production of manufactured homes, and brokers fees. Onthe other hand, housing services includes gross rents paid and owners earnedrent plus utility payments. Homebuilding: The epicenter of the US economy Historically, residential investment has averaged roughly 5% of GDPthough its share went down to 2.5% in 2010. Meanwhile, housing services has averaged between 12%and13%, with a combined share of 17% to 18% of GDP. Find the article at http://finance.yahoo.com/news/home-sweet-home-homebuilding-industry-193300248.html