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US Q3 GDP Grows At 3.0% Despite 2nd Consecutive Quarter of Negative Residential Investment Growth (Lowest Since 2010)

This is a syndicated repost courtesy of Snake Hole Lounge. To view original, click here. Reposted with permission.

Q3 GDP was released this morning and QoQ Real GDP (annualized) grew at a 3% pace. This follows a 3.1% QoQ growth rate in Q2.

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But Q3 represents the 2nd consecutive quarter of negative growth in Gross Private Domestic Investment: Residential. The worst growth rate since 2010.

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Yes, the lowest growth rate in residential Gross Private Domestic Investment since 2010.

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