In my recent reading bag, this article came up… "Housing" – Is It Really Recovering?
I was especially fond of these pull-outs from that article:
[Note: The "American Dream" is not home ownership. Millions of immigrants did not immigrate to the United States, with only the clothes on their back and few personal possessions crammed in a knapsack, just to buy a home. No. The "American Dream" has always been the freedom to achieve success in whatever endeavor they choose which ultimately afforded them the opportunity to own a "home" when they could afford it. For more on this subject read: "The Real American Dream"]
and this one from another of his article.."Obama’s Economic Report Card:"
"Full-time, benefit providing, employment is the only type of employment that matters for the average American. Full-time employment allows for an increasing standard of living, household formation, and higher personal savings rates."
To get to his take with some good supporting evidence go to the link above… in the short? How much does the census number of housing starts relate to the recovery? His contention is that the June numbers represented only 0.3% of the existing number of homes available. That’s a pretty small number.
WD0AJG