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!


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.

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