User: Brian Ripley: U.S. Housing: Construction as % of GDP

According to a report from BMO Capital Markets, residential and non-residential construction accounts for 13.4% of Canadian GDP and is well beyond the 30 year average of 13.4%. The U.S. reliance on construction is only 5.8% of GDP and at the top of their housing bubble in 2006 was only 9.4%. More at www.chpc.biz