gdp and housing

this is from roubini

The weakness in Q3 growth is widespread: real residential investment fell at an annualized rate of 17.4%, much worse than the 11.1% drop of Q2;

Even non-residential investment in structures that was growing at an annualized rate of 20.3% in Q2 slowed down its growth to 14% in Q3: you can expect a much sharper slowdown in such non-residential investment in Q4 and 2007 (the next bubble in the making...)

make sure you read this piece from mike larson about commercial real estate !!!!!!
!http://www.moneyandmarkets.com/press.asp?rls_id=433&cat_id=6

make sure you see the coverage with great graphs!!! from paper money
http://paper-money.blogspot.com/2006/10/report-heard-round-world.html
http://paper-money.blogspot.com/2006/10/hey-big-spender.html

plus a must see graph from calculatet risk that shows how much room to fall there is
http://calculatedrisk.blogspot.com/2006/10/residential-investment-as-of-gdp.html

the full piece on all aspects of the gdp numbers here
http://www.rgemonitor.com/blog/roubini/154353/