US Economy Likely Grew Slowly Last Quarter
Consumer spending drives nearly 70 percent of economic activity.
Housing is rebounding after a six-year slump. New-home sales jumped last month to the highest annual pace in 2Â½ years. And in September, builders broke ground on homes and apartments at the fastest pace in more than four years.
This year will likely be the first time in six years that housing has contributed to economic growth.
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