GDP Grows 3.5% in Third Quarter, Championed by Consumer Spending

HousingWire, Oct. 26, 2018–Alcynna Lloyd
“This strong, above trend growth is being driven by stronger consumer spending–fueled by the incredibly healthy job market and rising wages,” said MBA Chief Economist Mike Fratantoni. “Stimulative fiscal policy is also clearly spurring faster expansion, with the third quarter data showing gains in defense spending.”