Investment

Q2 2021 GDP Details on Residential and Commercial Real Estate

1 month ago   |   By Calculated Risk

The BEA released the underlying details for the Q2 advance GDP report today.
The BEA reported that investment in non-residential structures decreased at a 7.0% annual pace in Q2. Note that weakness in non-residential structures started in 2019, before the pandemic.
Investment in petroleum and natural gas structures increased sharply in Q2 compared to Q1, and was up 46% year-over-year. However, investment in petroleum and natural gas structures is still down over 60% from the peak in 2014.
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