Calculated risk: GDP tracking Q3: Nearly 1%

through Calculated risk on 09/23/2022 09:54:00

From BofA:

On balance, August data on housing starts and existing home sales slightly boosted our tracking estimate for housing investment. After rounding, however, ours US Q3 GDP tracking was flat at 0.8% qoq. [September 23rd estimate]
Added emphasis

From Goldman:

We left ours Q3 GDP tracking estimate unchanged at +1.2% (qoq ar). [September 21st estimate]

And from the Altanta Fed: GDPNow

The low GDP model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2022 is 0.3 percent on September 20, down 0.5 percent on September 15. Following this morning’s US Census Bureau housing start report, the nowcast of third-quarter residential investment growth declined to -24.5 percent from -20.8 percent. [September 20th estimate]