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
211 Spalding Beverly Hills CA 90212 $ 1,595,000.00
Welcome to this lovely 2+den unit in the finest full service building in Beverly Hills. The corner rear unit offers a large covered terrace with spectacular views of Century City, Wilshire Corridor, Hills and more. The spacious rooms provide flexibility for use of den/office and guest bedroom suite, with a large master suite. The kitchen…
1777 Ridge Palm Springs CA 92264 $ 1,995,000.00
This Hillside Estate is a car & nature lovers dream! Sited on the mountain at one of the highest points in The Historic Mesa neighborhood of south Palm Springs where you are sheltered from harsh afternoon sun and rushing wind while enjoying a commanding view of the entire valley! For the car enthusiast there is…
1506 Oak Vista CA 92084 $ 155,000.00
Beautiful laminate floors enhance the beauty of this bright and airy home on the quiet back street of one of the most sought after 55+ communities in San Diego’s North County. Great floor plan features a nice-sized kitchen, a bonus room in the center of the home, ceiling fans to keep you cool, skylights to…
42221 Faber Temecula CA 92592 $ 639,900.00
Gorgeous, light, bright & airy Crowne Hill home. Fantastic opportunity to be able to purchase this highly sought-after Temecula home. So much attention to detail in this beauty. Freshly painted interior. New carpet only a couple of days old. Rich wood laminate flooring, cool tile, central heat & air. Custom window coverings. Cool ceiling fans….
6229 Paseo Alta Rico Carlsbad CA 92009 $ 1,595,000.00
Welcome to your stunning new home, nestled in the executive gated community of Rancho Carillo, this home has an endless list of desirable features as well as near by shopping and freeway access! Stepping into the home you will notice the elegant vaulted ceilings with large windows throughout the home boasting with natural light ,…
2939 Luana Drive Oceanside CA 92056 $ 635,000.00
This 5 bedroom home sit on a corner with 2 master suites and 3 full bathrooms. Upgrades includes newer kitchen cabinets/windows/doors, granite kitchen counters, permitted 400 sq ft garage converted to master suite w/separate entry (could be converted to ADU) Behind side gate is another 2 car garage with long driveway for 3 car parking….
4250 Palomar Fallbrook CA 92028 $ 1,899,000.00
Nestled amongst the rolling hills of Fallbrook this custom home is situated on 2 acres with a vanishing edge pool and tranquil sunset views.Through the gate and up the driveway you are greeted with a beautiful home, lush landscaping and soothing rock waterfall.This luxury paradise has everything you need including a guest house with a…
12034 Summit Beverly Hills CA 90210 $ 3,995,000.00
A rare opportunity to purchase a striking architectural gem with sparkling pool and open canyon views behind the gates of The Summit. This 4,281sf 4 bedroom / 3.5 bathroom home is the ideal canvas to create a stunning residence in one of Beverly Hills most exclusive mountain top communities. Private and secure with endless possibilities.
135 McCarty Beverly Hills CA 90212 $ 2,100,000.00
Amazing opportunity to live just steps from the finest shops, eateries & parks that BH has to offer. This gorgeous turnkey private 2 bed /3 bath perched in the front corner is the epitome of luxury. A great bonus room perfect for an office or den to hang out & watch your favorite show. A…