Traditionally, the construction industry and especially new home building has been the driver for leading the American economy out of recession. Needless to say, the housing collapse and the financial crisis meant that demand for new homes virtually disappeared. Now, it may be that the next generation will not be as home-centric as previous generations but it is nice to see that new home sales are back to levels last seen in January, 2008 and near the median that existed for the last 50 years. I hope and doubt we will ever see the bubble in building that we saw in the early 2000s where the number of new homes being built was more that double the norm. But the resurgence of new home building will only be a boost to the national economy in the next few years.
Popular
-
Brendan Nyhan has a nice tweet thread about the dangers that Trump presents to the rule of law. The thread ends with the statement, "T... -
One of the triumphs of the Obama era's rather weak history of enforcement of corporate malfeasance was the crackdown on the abuses of pa... -
America under Trump is in the midst of a slow-moving constitutional crisis . In West Virginia, that crisis is here and now . Over the course... -
It would seem like a no-brainer that paying out more taxpayer dollars for worse coverage and higher premiums would be a bad idea. But we liv... -
John Kelly's blast yesterday may have been heartfelt but it should erase any idea that this man is suffering while serving as chief of s...
No comments:
Post a Comment