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Key Points:
GDP grew at a robust 4.3% seasonally adjusted annualized rate (SAAR) over Q3 2025.
- While certain volatile components contributed to the strong reading, private demand has continued to hold up.
- Real final sales to private domestic purchasers (FSPDP), which includes personal consumption and private fixed investment, grew at a 3.0% SAAR – comparable to Q2.
Real Growth Trends
Home prices rose at a 4.3% SAAR in October according to FHFA’s monthly purchase-only index.
- On a year-over-year basis, price growth decelerated for the 9th consecutive month.
- Prices grew by 1.7% from October 2024 - the slowest pace since 2012.
FHFA Purchase Index (2016 - Present)
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