New Home Construction In A Decade

Very interesting article. This will be one of the best barometers of our economy. I heard a statistic that about 75% of wealth created between 2000 and 2005 was from real estate. They were saying all along that real estate is what kept our economy going through the internet bust and 9/11.

I don't know if any other sector can replace what real estate has done. No matter what Buyers say. The will buy things for their new home. Furniture, washers, painting, carpet, etc. A real estate transaction touches so many hands that it is easy to see how it affects the economy.

Real estate agents, title officers, inspectors, appraisers, insurance companies, Home Depot, etc all get new business because of the sale of a home. Then in turn the people that all of the above work with get money.

Selling stocks, TV's, computers and cars do not circulate money in the same way. What keeps the economy going is the circulation of money.

Mike