The BEA has released the underlying details for the Q2 advance GDP report.
Investment in single family structures is now back to being the top category for residential investment (see first graph). Home improvement was the top category for twenty one consecutive quarters following the housing bust ... but now investment in single family structures is the top category once again.
However - even though investment in single family structures has increased significantly from the bottom - single family investment is still very low, and still below the bottom for previous recessions. I expect further increases over the next few years.
Read more...Calculated Risk: Q2 2014 GDP Details on Residential and Commercial Real Estate
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