Q1 2016 GDP Details on Residential and Commercial Real Estate

The BEA has released the underlying details for the Q1 advance GDP report. In April the BEA reported that investment in non-residential structures decreased at a 10.7% annual pace in Q1. The decline was due to less investment in petroleum exploration. Investment in petroleum and natural gas exploration declined from a $64.6 billion annual rate in Q4 to a $38.7 billion annual rate in Q1.   "Mining exploration, shafts, and wells" investment is down 68% year-over-year . OUCH! Excluding petroleum, non-residential investment in structures increased at a 10.2% annual rate in Q1.......(read more)

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