The BEA released the underlying details for the Q3 advance GDP report Friday.
The first graph is for Residential investment (RI) components as a percent of GDP. According to the Bureau of Economic Analysis, RI includes new single family structures, multifamily structures, home improvement, Brokers’ commissions and other ownership transfer costs, and a few minor categories (dormitories, manufactured homes).
A few key points:
Read more...Calculated Risk: Q3 2013 GDP Details: Residential Investment increases, Commercial Investment very Low