Dec 10 2012
Housing: The Little Engine that Could
Posted in Blog
No Comments
Posted on: November 27, 2012
Housing: The Little Engine that Could
By
Frank Anton
A weak housing market often gets blamed for the Great Recession as well as the anemic economic recovery.
But, if the pattern portrayed in the accompanying chart holds, housing should, as it always has, come to the
economy’s rescue.
With NAHB’s Home Builder Sentiment Index at 47 (the highest level since 2006), it’s reasonable to assume
that housing’s contribution to GDP should move back to its traditional average of about 5%. That percentage
was as low as 2.5% in 2010, when the Index was at 8, an all-time low, and it was as high as 6.2% when the
Index peaked at about 75 in 2006.
Economists now see housing generating up to 20% of overall GDP growth in QIV 2012. GDP growth means jobs;
jobs mean a stronger housing market; and that means more jobs and so on and so on, which means the end of
the vicious economic cycle triggered by housing’s collapse and the real start of a robust recovery.
Featured Properties
1235 Lago Vista Beverly Hills CA 90210 $ 6,950,000.00
An enchanting traditional home wrapped in greenery & exuding tranquility & elegance. Located off of lower Coldwater Canyon in Beverly Hills proper, this gated estate offers complete privacy on a quiet street w/quick & easy access to the heart of Beverly Hills. Tucked away on a sprawling & lush apx half acre lot, this property…
155 Hermosa Palm Springs CA 92262 $ 399,000.00
‘Villa Hermosa’ in Old Las Palmas designed by Albert Frey as a residential hotel in 1947, later converted to 21 Mid-Century condominiums; 16 one bedrooms, 4 Studios & 1 two bedroom upstairs. The Project was completely renovated in 2003 maintaining the original integrity of the architect. This particular unit #7, is on the 1st floor…
2005 Racquet Club Palm Springs CA 92262 $ 930,000.00
Welcome to 2005 E Racquet Club Rd, Palm Springs! This beautiful Santa Fe Estate home is the perfect VACATION RENTAL, full time residence, weekend escape or CAR enthusiasts PARADISE. As you park, the first thing you will notice is the awesome 6 car garage with plenty of space for your car collection and/or room for…
590 HAYNES Beverly Hills CA 90210 $ 9,950,000.00
A wow on every level! Fantastic contemporary view home, designed by Steve Hermann, is unique and located in a rare setting for Trousdale Estates. Enter through the courtyard surrounded by terrazzo fountains, leading you to walls of glass and soaring 12ft ceilings. Immense volume and overlooking the dazzling city lights. Rare 5 en-suite bedrooms, featuring…
2857 Los Felices Palm Springs CA 92262 $ 154,900.00
One Bedroom Condo in Palm Springs Villas I. This 589 square foot condo features 1 bedroom and 1 bathroom. Newley interior paint and Newley modern tile floor Through out, New Recessed Light, New Ceiling Fans with Light, New Quartz Kitchen Counter top and Modern Back splash, New Appliances, Complete new Shower, Vanity, Mirror and Toilet,…
411 Oakhurst Beverly Hills CA 90210 $ 1,500,000.00
Newly renovated, light and bright 2 bedroom with den, designed w Mediterranean style fixtures and finishes in the elegant building, The Oakhurst. Located on a prime tree-lined street in BH. This open floor plan home boasts high ceilings throughout, a grand living room and dining area, beautiful custom hardwood floors and windows coverings, recessed lighting,…
12460 Keys Creek Rd Valley Center CA 92082 $ 1,695,000.00
FIELD OF DREAMS. Come to your senses at Southern California’s most beautiful Lavender Farm. Family owned for more than 21 years. Enjoy the gorgeous Keys Creek Lavender farm with 8.5 acres in beautiful San Diego County (Valley Center). You’ll spend a relaxing time making sweet-smelling memories on this unique one of a kind farm. This…
1499 CARLA Beverly Hills CA 90210 $ 5,999,999.00
Classic 60s contemporary with panoramic views in a great Trousdale location. This single story, spacious 4 bedroom, 6 bathroom home with pool and sauna is situated on a large flat lot with walls of glass and is the perfect example of gracious indoor/outdoor living whether for entertaining or as an idyllic retreat for todays lifestyle….
1441 Angelo Beverly Hills CA 90210 $ 95,000,000.00
The Enchanted Hill, a 120 acre undeveloped site in Beverly Hills, offers a rare opportunity to develop a single-family compound with multiple guest homes, a state-of-the-art fitness and wellness center, an entertainment complex, a sports arena, world-class equestrian facilities and winery or to subdivide and redevelop as Beverly Hills’ greatest modern gated community with the…