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
3624 Garfield Carlsbad CA 92008 $ 2,299,000.00
This single-level penthouse suite offers commanding views from your private corner balcony with panoramic frameless doors and peak views of the ocean and Carlsbad’s world famous beach, just one block away. Sitting above the street creates a sense of privacy and sanctuary for those that want their beach-living to be more personal. Unique to the…
1634 Benedict Canyon Beverly Hills CA 90210 $ 3,175,000.00
A true oasis in Beverly Hills Post Office. One-of-a-kind & impressive contemporary one-story home in one of L.A.s most prestigious neighborhoods. Extensively remodeled, this stunning Beverly Hills home features sophisticated indoor/outdoor living spaces; state of the art kitchen with limestone countertops and top-of-the-line appliances, custom cabinetry, 1100-bottle wine room; 2 master bedroom suites with large…
301 Mission Oceanside CA 92054 $ 815,000.00
Absolutely a fantastic and modern downtown opportunity located on the 5th floor and two blocks from the beach! Surrounded by award winning restaurants & craft breweries. This residence offers 2 bedrooms, 3 bathrooms and wrapped around private corner balcony for stunning city views. Murphy Bed, Stainless Steel Appliances and furniture all included.
30540 Andreen Road Valley Center CA 92082 $ 894,000.00
Single story RANCH HOME on 19.86 acres w possible 4-5 LOT SUBDIVISION see details in supplemental, on hill w PANORAMIC VIEWS over your HORSE RANCH, VINEYARD, NURSERY, gentle 19.9 acs w/WELL newer pump 50 gpm 750,000 gal concr RESERVOIR. 2 water meters 1 & 2″, 220-3 phase power, was nursery & citrus grove. Appx 200…
4355 Ramona Fallbrook CA 92028 $ 1,555,555.00
Bring your fussiest clients to this wonderful custom home! Located high above Monserrat Valley, with wonderful elevated views. The home was designed and constructed by an accomplished Orange County custom home and pool builder. You’ll be impressed by the thoughtful design and execution of every detail. Architectural features are highlighted by the Clerestory Great Room,…
720 ALTA Beverly Hills CA 90210 $ 25,950,000.00
720 N. Alta is a classically styled European estate set on two-thirds of an acre in the coveted Beverly Hills Flats. This impeccably designed home is poised for exceptional indoor and outdoor entertaining and bordered by cyprus trees and tall hedges, adding to its exclusive, ultra-private atmosphere. The 7-bedroom, 14-bath home boasts sumptuous decorative details…
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…