Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

GDP forecasts cut after housing data

GDP forecasts cut after housing data (by Steve Goldstein)

WASHINGTON (MarketWatch) -- First-quarter growth estimates were cut after data released earlier Wednesday showing a 22.5% slump in housing starts during February. Analysts at RBS cut their GDP view to 2.6% from 2.8%. "Admittedly, residential investment is now such a small share of GDP (just 2.5%) that even big changes in assumed growth rates for that sector don't have a large an impact on the headline growth rate. In any case, coming into today we were looking for residential investment to be up modestly in Q1, but now expect it to be closer to flat," they said. Also, Macroeconomic Advisers cut its Q1 GDP view by 0.1 point to 2.6%.