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Single-Family Housing Growth Is Good News for GDP

Though contrary to expectations, Morningstar's Bob Johnson sees some optimistic signs in this week's housing data.

Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. We got some housing data this week that maybe looked a little bit contrary to our expectations. I'm here with Bob Johnson, he is our director of economic analysis, for his take.

Bob, thanks for joining me.