Q1 2017 GDP Details on Residential and Commercial Real Estate

The BEA has released the underlying details for the Q1 advance GDP report. The BEA reported that investment in non-residential structures increased at a 9.4% annual pace in Q1.  This is a turnaround from early last year when non-residential investment declined due to less investment in petroleum exploration. Investment in petroleum and natural gas exploration increased substantially in Q1, from a $44.7 billion annual rate in Q4 2016 to a $70.6 billion annual rate in Q1 2017 - but is still down from a recent peak of $151 billion in Q4 2014 (down by more than......(read more)

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