US Housing Market Share of GDP: 3Q 2019

US Housing Market Share of GDP: 3Q 2019

Western SFP 2x4 Softwood Lumber Prices Vs US House Prices
www.madisonsreport.com

US GDP 3Q 2019 data shows investment was weak again. Yet residential investment picked up, at a 5.1% annual rate.

The US Bureau of Economic Analysis (BEA) reported that investment in US non-residential structures decreased at a 15.3% annual pace in 3Q 2019.
Lodging investment decreased in 3Q, but lodging investment is up 6% year-over-year.

Usually single family investment is the top category, although home improvement was the top category for five consecutive years following the housing bust. Then investment in single family structures was back on top, however it is close between single family and home improvement. — Calculated Risk

Western SFP 2x4 Softwood Lumber Prices Vs US House Prices
www.madisonsreport.com

Investment in single family structures was US$272 billion, or about 1.3% of GDP.
Investment in multi-family structures decreased in 3Q.
Investment in home improvement was at a US$264 billion in 2Q, or about 1.2% of GDP. Home improvement spending has been solid.

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