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
2001 Camino Parocela Palm Springs CA 92264 $ 298,000.00
Mountain views AND privacy – This downstairs two bedroom unit is one one of most unique locations in Mesquite Country Club! Look out over a fountain and lush private greenbelt with incredible mountain views. Located in Phase III, you can walk to shopping and restaurants, this unit features upgraded tile floors, is sold turnkey furnished…
29517 Cara Temecula CA 92591 $ 409,000.00
Beautiful Townhouse in gated community in the Heart of Temecula. Walking distance to the Temecula Promenade Mall, local schools and local entertainment. This 3/bedroom 3/bath home has new Laminate Flooring. The main floor has a large living room with built in fireplace, large bedroom and a full size bathroom, laundry room, dining room, kitchen with…
4104 Jonathon St. Oceanside CA 92056 $ 619,900.00
Beautiful 3 bedroom 2 bathroom ready to move-in!!! The home features an updated kitchen. Kitchen has new white cabinets, quartz counter tops, stainless steel appliances and fixtures. Other upgrades include new laminate flooring in living room, bathrooms and kitchen, new carpeted bedrooms, freshly painted exterior and interior. Upgraded bathrooms with new vanities, tile tub surround…
500 Rancheros San Marcos CA 92069 $ 425,000.00
Great Family Park HOME! This Manufactured Home is in a Land Owned Park. It’s a corner lot with a beautiful open Kitchen and family room, recently upgraded which also included windows and flooring. Short walking distance to the Clubhouse, Park and BBQ area to enjoy with your family. Close access to the 78 freeway, DMV,…
175 Pine Ave Carlsbad CA 92008 $ 3,795,000.00
This is it!! .. The very Best of the Best!! .. Creme De La Creme Single Level Penthouse at the Beach with incredible Ocean Views!! .. This was the Builders Unit with an Unlimited Budget meaning All Finishes are Top of the Line .. Spared No Expense .. Top of the Line Kitchen installed by…
150 Rancho Santa Fe San Marcos CA 92078 $ 315,000.00
Beautiful 2 bed 2 bath Manufactured home with Land on permanent foundation. Move in ready, nice private family community. Dues $190 monthly. Amenities include swimming pool, club house and exercise room with much more. Easy access to freeway, shopping centers, dining, schools and parks. Close to Palomar college and CSUSM. Great starter home!
448 Terrace Escondido CA 92026 $ 629,900.00
Come & Get It! Amazing Renovation on this Beautiful Escondido 4 bedroom, 2 bathroom, single story home. Has a massive lot with private front and rear yards for entertaining. Enjoy the beautiful 3-d panoramic views of the mountains from your living room. Double cul-de-sac home, private, quiet, wonderful location, stainless steel appliances, custom tile, laminate…
929 Oak Escondido CA 92029 $ 1,100,000.00
This 4 bedroom, 2 bath, 2158 square feet custom Ranch home is nestled away on a quiet country street on 1.17 acres. Private, secluded, and no HOA! This is the perfect home for outdoor entertaining with a private, sparkling black bottom pool, outdoor gazebo, BBQ island built in grill, and fire pit. Admire the mature…
2337 Gum Tree Lane Fallbrook CA 92028 $ 689,000.00
LOCATION, LOCATION, LOCATION! VIEWS, VIEWS! A light and bright cozy home with soothing ocean breezes and million dollar views in the most prestigious area of Fallbrook, next to multi million dollar estates. This fully remodeled home has 3 bedrooms and 2 full bathrooms including master suite, walk-in closet and laminate wood floors throughout the house….