» VISIT US ONLINE @ DSNEWS.COM
55
Our REO REHAB & Investment Property REHAB Services Include:
Rental Maintenance Specialist
Serving Florida, Georgia & the Southeast Since 1985
(
800
)
398-3547 •
(
904
)
886-2990
(
904
)
687-9057 • abbaconstruction.com
bid requests: reoabba@abbaconstruction.com
FL General Contractors License CGC 1510602
GA General Contractors License GCQA 004262
• Preservation & Maintenance
• Rekey
• Trash-out
• HVAC & Plumbing
• Painting & Flooring
• Kitchen & Bath Updates
• Appliances
• Electrical
• Roofing
• Estimates
within 48
hours
Maximizing marketability. Limiting liability.
Repair
REO
GDP GROWTH
HEALTHY IN Q2
e U.S. economy experienced a sharp
turnaround from the first quarter to the
second, fueling hopes of a rebound as the rest
of the year plays out.
Real gross domestic product (GDP)
increased at an annual rate of 4.0 percent in
the second quarter of the year, according to
an advance estimate released by the Com-
merce Department. Growth came in at the
high end of a survey of economists, with the
consensus forecast calling for an increase of
3.1 percent.
GDP for the first quarter was also
revised to reflect a 2.1 percent drop, a modest
improvement over the estimated 2.9 percent
contraction reported previously.
e Commerce Department reported
that the upturn over the latest quarter mostly
reflected gains in private investment and
exports, as well as growing consumer spend-
ing. Increases in state and local government
spending also contributed, as did improve-
ments in both residential and nonresidential
fixed investment.
Acknowledging that part of the second-
quarter growth is due to a rebound from
a weather-weakened first quarter, Doug
Handler, chief economist for IHS, said that
recent trends point to better-than-average
economic growth of 3.0–3.5 percent for the
second half of this year as the labor market
keeps expanding.
"e data are consistent with an economy
that can add 200,000-plus jobs per month
for at least the next several months," Handler
said.
e next employment situation report is
due from the Bureau of Labor Statistics on
Friday. Economists anticipate 233,000 jobs
were added to payrolls in July, which would
mark six straight months of growth above
200,000.
e government's second estimate for Q2
GDP, which will offer a more complete look
at data, is scheduled for release August 28.
The median home sale
price for non-distressed
properties nationwide
was $196,500 in June
2014, according to
RealtyTrac.
KNOW THIS
