How is the housing industry related to the economy? If the economy is doing well, what types of homes are being constructed and

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2 years ago

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How is the housing industry related to the economy? If the economy is doing well, what types of homes are being constructed and

purchased? What if the economy is doing badly? Other than housing, what additional industries might have an economic impact?

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1 answer:

4vir4ik [10] · Answer 1 · 2023-05-30T07:04:52+03:00

4vir4ik [10]2 years ago

3 0

Answer:

Housing and the Broader Economy. As of 2020, spending on housing services was about $2.8 trillion, accounting for 13.3% of GDP. Taken together, spending within the housing market accounted for 17.5% of GDP in 2020.

Explanation:

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