How much does the Texas real estate industry contribute to the state’s gross domestic product? The numbers are substantial. The contribution of the real estate industry to the nation’s GDP in 2005 was more than $1,472 billion, accounting for 11.9% of the U.S. GDP. The value added from real estate, in the U.S. economy increased more than $1,731 billion in 2006 or 13.2% of the GDP. In 2006 the Texas real estate industry was the second most important private industry after manufacturing. Can you believe that? Click below to download this interesting article that includes user friendly tables for reference.
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