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Despite Recent Turmoil, U.S. Economy Remains Steady

Even as energy continues to be a drag, a surprisingly strong housing market suggests that the U.S. economy may be picking up steam, says Morningstar's Bob Johnson.

Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. The market has obviously been focused on issues in China over the last few days, creating a lot of volatility in the equity markets. But how is the strength of the U.S. economy holding up? I'm here with Bob Johnson--he is our director of economic analysis--to look at some recent data on the state of housing and manufacturing in the U.S.

Bob, thanks for joining me today.