Thursday, April 24, 2008

It is going to be awhile before the economy recovers

From the Washington Post:

Sales of New Single-Family Homes at 16-Year Low

I wrote ten years ago that residential construction was THE leading indicator. And Ed Leamer says housing IS the business cycle. Yikes!

2 comments:

Anonymous said...

So let people build homes the size they can afford already. They will then buy furnishings for their new homes, and the economy will thrive.

davelindahl said...

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