Q3 2016 GDP Details on Residential and Commercial Real Estate

The BEA has released the underlying details for the Q3 advance GDP report this morning. The BEA reported that investment in non-residential structures increased at a 5.4% annual pace in Q3.  This is a turnaround from recent quarters when non-residential investment declined due to less investment in petroleum exploration. Investment in petroleum and natural gas exploration still declined in Q3, from a $47.1 billion annual rate in Q2 to a $42.2 billion annual rate in Q3 - and is down from $149 billion in Q3 2014 (down by more than two-thirds). Excluding petroleum, non-residential......(read more)

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