Residential Investment Components in Q4

More from the Q4 GDP underlying detail tables …

Note: Residential investment (RI), according to the Bureau of Economic Analysis (BEA), includes new single family structures, multifamily structures, home improvement, broker’s commissions, and a few minor categories.

Back in Q4 2008 – for…

February 1st, 2010 | Posted in Calculated Risk | No Comments

Housing Leads the Economy, Existing Home Sales are Irrelevant

After reading some of the commentary regarding the housing starts report this morning, it might be useful to reiterate these three points:

  • Residential investment is the best leading indicator for the economy.
  • Residential investment will not recover rapidly because of the…

    • November 18th, 2009 | Posted in Calculated Risk | No Comments