America's housing market is raising a 'large red flag' for the economy

Robert Galbraith/Reuters

• Friday's gross-domestic-product report showed that residential investment, which includes construction and brokers' fees, fell for a third quarter out of four.
• It was another confirmation that the US housing market is in a slowdown.
• Sales of luxury and affordable housing have been declining for months.
• There's plenty of demand for buying houses, but it's getting harder to do so successfully in America. 

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The US housing market is slowing down.

Friday's report on US economic growth spurred a presidential victory lap after it showed that gross domestic product rose at a 4.1% annual rate, the fastest in nearly four years.

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See Also:

• Trump takes victory lap after strong GDP report, predicts 'we're going to go a lot higher'
• US economy grows 4.1%, the fastest pace since 2014
• Wall Street's favorite recession gauge is flashing yellow again — and not everyone thinks it's a false alarm

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