Question: The article reports that ... Spending on housing was flat on an inflation-adjusted basis over the prior year, reflecting a tough environment for home salesbut

The article reports that ... "Spending on housing was flat on an inflation-adjusted basis over the prior year, reflecting a tough environment for home salesbut also stabilization. Private residential investment dropped 17% in 2022." In which principal component of GDP does this show up? Does a change in existing home sales impact GDP directly? Indirectly? Explain

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