Getting Graphic is a semi-sort-of-irregular collection of our favorite BIG real estate-related chart(s).

Source: NYT

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In Floyd Norris’ NYT column this weekend titled Auto Sector’s Role Dwindles, and Spending Suffers he illustrates what consumers spend their money on. The auto industry’s contribution to the economy is at an historic low. Housing is not doing well and dropping sharply but some other sectors are in fact, doing fine.

>The share of national income going to residential construction is falling rapidly, but is still not very low. It peaked at 6.3 percent of the total economy in late 2005, and is now down to 4.5 percent. That is a rapid decline, but even now the level is only a bit below the long-term average.

>Nonresidential construction spending makes up a smaller part of the economy, but its strength has helped to offset some of the pain brought on by the housing plunge. Its 3.4 percent share of the economy is the highest since 1990.

The question of the day, with the credit crunch, inventory overhang, a builder downgraded to junk status, is whether housing will continue to weaken. To look at it another way, what would change or prevent housing for deteriorating further? I am not sure the Fed can avoid another rate cut at their next meeting.