Is the residential home market slowing down the economy?

Fannie Mae economists said the U.S. economy is poised for growth despite having stalled during the first quarter, but they noted that housing remains the weakest link, Inman News reported May 21.

Fannie Chief Economist Doug Duncan said that the growing financial and labor market should reflect a rebound when reports come out for April, May and June, and show that growth accelerated to an annual rate of 3 percent.

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