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Notes to myself, possibly of interest to others.
-- Bill Northlich

Monday, April 18, 2011

Residential Construction as Indicator: Recovery is likely to remain sub-par for the foreseeable future

“Residential investment, which includes new-home construction as well as renovations and broker commissions, accounted for 19% of GDP growth on average in the first two quarters of postwar recoveries, according to Harvard’s Joint Center for Housing Studies. In turn, GDP growth during those periods averaged nearly 7% at an annualized pace.”

[via Ritholtz]

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