Real Estate Gauge: Private Residential Investment as a Percentage of GDP 3 comments

January 10, 2007 | about: ICF

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Eddy Elfenbein submits: Here's a graph showing private residential investment [PRI] as a percentage of GDP. It's a good gauge of how well the real estate market is doing.

The number averages about 4.7%, with a standard deviation of about 0.7%. Last year, it got up to 6.3% which was the highest level in over 50 years.

Since then, it's started to plunge. And as you can see, historically, the downtrends are pretty severe.

PRI as a % of GDP
Click to Enlarge

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This article has 3 comments:

- Mahesh Reddy:
- Comments (34)
Picture always describes a thousands words...Nice graph to explain the real-estate market....

Mahesh Reddy
2007 Jan 10 12:11 PM | Link | Reply
- QVM Group:
- Comments (272)
- •
- qvmgroup.com/invest
Excellent chart. Illuminating. What is your source for the PRI data?
2007 Jan 10 12:44 PM | Link | Reply
- Bob K.:
- Comments (39)
Can you gragh a correlation between this data and housing prices?
2007 Jan 10 01:36 PM | Link | Reply