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Building a recovery

With fears of the ‘fiscal cliff’ behind us, area builders see big things for the housing market

January 6, 2013

Recent passage of legislation to avoid what has become commonly known as the “fiscal cliff” has real estate experts breathing a sigh of relief....

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insider

Jan-06-13 11:23 AM

"...area builders see big things for the housing market"

I hate to confuse the Trib and its readers with the facts, but there are no builders mentioned in this article. Properties may be selling more rapidly, but there is no evidence of a building boom in the country. The latest housing data show housing starts at a 861,000 annual rate. The AVERAGE yearly housing starts for all eight years of the Bush administration were 1.655 million! What Obama recovery? Even under the high interest rate era under Jimmy Carter, housing starts were over a million per year.

Sorry to burst your bubble, but artificially low interest rates, caused by the fed, aren't enough to stimulate a sick economy, perpetuated by the fiscal incompetence of the Obama presidency.

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MrDrone

Jan-06-13 10:24 AM

The Obama recovery rolls on.

(-:

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CommonSense

Jan-06-13 7:50 AM

But while the messiah, still on another vacation, demands that the debt ceiling be raised yet again, how long will this so called "recovery" continue.

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