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
314 Nevada Oceanside CA 92054 $ 799,000.00
Unit has a separate 300+ square foot bonus room for office, storage, den or hobby room. 2 Car Tandem Enclosed GARAGE Plus a 1 Car Enclosed Garage (Total of 3 Enclosed garage spaces)!! Just blocks to the Oceanside Beach & Pier! Easy access via Elevator to Single Level, 3 bed/2 bath with West Facing Patio….
2190 Alessandro Vista CA 92084 $ 1,400,000.00
Don’t miss your chance to be the “King of the Hill”. This sprawling property is almost 10 acres and has limitless potential. On a clear day, take in the panoramic ocean views from one of the highest points in Vista. Large flat area where home is located gives you plenty of options to add on…
568 Laguna Carlsbad CA 92008 $ 1,495,000.00
LAGUNA ROW: New Construction! Enjoy VIEWS & NATURAL MODERN living in the beautiful & vibrant village of Carlsbad, CA. Walk to EVERYTHING: beach, restaurants, train, cafes, parks, trails and theaters. The best of town and country! Detached, cedar-clad home designed by multi-award winning Architect, Brett Farrow. Sustainable construction, high ceilings and oversized windows. Luxury kitchen…
418 Elm Beverly Hills CA 90212 $ 3,695,000.00
Grand Mediterranean Estate with a luxurious open floor plan located on a prime southern BH street. Formal entry with soaring ceilings to living and dining room. Exceptional custom chefs kitchen with top grade appliances that opens to an enormous den and private backyard with lush landscaping. Designer staircase leads you to four en suite bedrooms…
3316 Clerendon Beverly Hills CA 90210 $ 13,900,000.00
Stunning extremely private guard gated Mulholland Estates chic traditional with explosive valley light views with large flat yard, pool house w/ separate suite, infinity pool, and hotel-style poolside cabana . Impressive double-height entry with private office conveniently tucked away off the foyer. 8 bedrooms and 11 baths with theater, gym, and elevator. Oversized chef’s kitchen…
14898 Oak Creek Valley Center CA 92082 $ 897,999.00
Located in the rolling hills of rural San Diego County, this 20+ Acre Agricultural Horse Property & Equestrian Ranch is nestled in the heart of Valley Center, CA. Designed for boarding, breeding, agricultural & farming development, this is country living at its finest! Whether you want to live life off the grid (but still be…
1219 Barham San Marcos CA 92078 $ 229,900.00
Located in a 55+ resident owned community with low HOA fees; only $185 per month includes Water, Trash, & Sewer! This home has a nice mountain view from the porch and a large fenced yard. Interior has new paint and carpet. Separate Living & Family room, plus an enclosed porch that makes a great hobby…
536 Santa Catalina Palm Springs CA 92262 $ 649,000.00
Spectacular San Jacinto Mountain and Chino Canyon Views from this spacious 3 bedroom/2 bath Racquet Club West home. This single-story, ranch-style home radiates with exceptional curb appeal. The large pool-sized 11,325 Sq. Ft., R-2 lot is on FEE land with a voluntary HOA. West Santa Catalina Rd is a very quiet residential street with many…
999 Pacific St Oceanside CA 92054 $ 540,000.00
Just steps away from the Pacific Ocean, this 1-bd/1-ba condo has resort style amenities, lush garden and ocean views, 24hr security and more! Located in the beach town of Oceanside, CA. you’ll be in walking distance to restaurants, cinemas, the pier, shopping centers and did we mention THE BEACH! The complex has a pool, gym,…