![]() Earthtimes.org | Update2 -- Housing Leads To Dip In GDP Forbes - America's third-quarter economic growth rate seemed shockingly low on Friday when the Commerce Department reported a 1.6% expansion in the third quarter but the data seemed to reflect air coming out of the housing bubble more than a widespread economic ... US Economy: Growth Slows to 1.6% Rate as Homebuilding Slumps Housing market slows economy |