Freddie Mac has released its U.S. Economic and Housing Market Outlook for August, showing that despite the lackluster jobs recovery four years into the economic recovery, housing will continue to provide an increasingly positive boost to GDP in the second half of 2013. Four years of recovery have only brought lackluster growth. In terms of GDP growth, the current recovery most closely matches the one beginning in May of 1954, but during that four year period the economy also experienced another recession.Click to continue
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