The components of residential investment in the fourth quarter GDP report (which is subject to revision, of course) is worth looking at more closely.
Single-family housing, which made up more than 3.5% of GDP at the peak, has declined precipitously, but registered a slight increase in the fourth quarter. Another driver of growth in residential investment was brokers’ commissions, which were sparked by the rapid rate of home sales. These drivers were offset by continued declines as a percentage of GDP in multi-family investment and residential improvements.
What should you read into the numbers? The recovery is in the timing; the new home and resale home market began its decline earlier than other segments of the residential investment economy. Improvements are driven partly by home values and partly by income; multi-family investment is driven by access to credit markets and property valuations.
Sustained improvement in the residential real estate market will help to drive increased investment in home improvements. The dynamic for the multi-family is somewhat more complex, but hinges to a large degree on stability in the employment markets.

Thanks to CalculatedRisk for the chart.
{ 0 comments }
The number one post was from March:
The number two most-popular post was a very detailed case study that I did in June about
The third most-popular post was my first attempt to consolidate the thinking that I’d been doing about how a traditional publishing content workflow needed to adapt to accommodate the inclusion of social media platforms. In
The fourth most frequently viewed post is an down-and-dirty analysis of
In the Spring, I was doing a lot of work to try to quantify the impact of the economic decline on consumer spending, marketing outlays and media allocations.
I’m kind of proud that a self-serving post doesn’t show up until the number 6 spot. Over a period of 6 months, we radically shifted our traffic strategy at ApartmentFinder.com in order to leverage what we percieved as our core strengths. This shift was rewarded in April
The seventh most-popular post, from July, demonstrates how powerful social media can be. I described
A May post reporting on research that shows
An October post made the top 10 and is a big search favorite:
The number 10 position is taken by a post where I ranged outside of my limited sphere of knowledge to speculate about how social media platforms would