Salient to Investors:
Housing doesn’t change the trajectory of the economy because it has contributed only 2.5% of US GDP after before the recession. Before the recession housing peaked around 6% and the average is in between.
Watch the video at http://www.bloomberg.com/video/does-the-housing-sector-really-help-grow-gdp-NnDP7KDpRC60tTIrJlj7_w.html