![](https://kellycrews.com/wp-content/uploads/news-2.jpg)
Nov 27 2012
Housing: The Little Engine that Could
Posted in News
No Comments
Posted on: November 27, 2012
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
34504 Black Mountain Rd, Temecula, CA 92592, USA $ 349,000.00
****WATCH THE AERIAL VIDEOS ON THIS ONE!! ****EVERYTHING IS BASICALLY DONE! This gorgeous 20 acre parcel only needs your dream home to complete it. There are 2 complete certified pads, graded access up to top pad, well drilled and in, newly paved road frontage to the parcel, water lines ran to the top pad, and…
33304 Barrington Dr, Temecula, CA 92592, USA $ 585,000.00
4.67 +/- Acres Zoned Residential LDR 1/2 Lots, Allows for up to 9 Single Family Home Sites, Located in Redhawk/ Morgan Hill, utilities in street, fronts El Chimisal Road with two access points (El Chimisal and Wolpert Lane). Located near by many new homes under construction.
35946 Meadow Ridge Rd, Temecula, CA 92592, USA $ 429,000.00
This 6.13 Acre provides panoramic views in the heart of Wine Country. Come discover this great quiet location, there is plenty of room for the custom home guest homes barns what ever you desire. Very Low taxes , No HOA make this location a real bargain. Located in heart of Wine Country and surrounded by…
31150 Santiago Rd, Temecula, CA 92592, USA $ 424,500.00
Beautiful lot for Custom Home located in the Exclusive Santiago Ranchos Area of Temecula. This Gentle lot offers everything you could want – Spectacular Views, Southern Exposure, Gentle Knoll, Above Street Level, Low Development Costs and PRIVACY! Plant a Vineyard and enjoy Sunrise and Sunset from this Unique Parcel-just minutes from Town! Please see Supplements,…
25310 Via Oeste, Temecula, CA 92590, USA $ 324,900.00
4.25 highly usable acres. On Via Vaquero access road and pad already completed Excellent opportunity to build and possibly farm in the hills of Temecula. Water and drip system there on all trees, and owner may consider removing part of the older trees. Part of the prestigious Del Luz homeowner’s association. Build your luxury dream…
25377 Via Oeste, Temecula, CA 92590, USA $ 339,000.00
BEAUTIFUL OAK STUDDED 20 acres consisting of 2 parcels. Cross-Creek view walking distance to golf course. Walking path through property and a turnaround pad at top Located at the end of the Cul-de-sac. Don’t miss this opportunity. Seller may consider seller finance. Outstanding zone of benefit fee due to RCWD in the amount of $390…
44121 Little Sky Way, Temecula, CA 92590, USA $ 140,000.00
LOCATED IN THE BEAUTIFUL DE LUZ AREA. WONDERFUL OPPORTUNITY TO BUILD YOUR OWN HOME ON THIS GREAT VIEW LOT. SELLER IS WILLING TO CARRY WITH A SUBSTANTIAL AMOUNT DOWN. THERE IS CERTIFIED BUILDING PAD (2006). ELECTRICITY IS CLOSE AND WATER IS CURRENTLY COMING FROM ANOTHER PARCEL WHICH SELLER OWNS. BUYER TO INSTALL NEW WATER METER…
41847 Knoll Vista Lane, Temecula, CA 92592, USA $ 699,000.00
This 19.75 Acre parcel in the heart of Temecula Valley Wine Country has potential! Located right next to “The Groves” a gated community of estate homes. The newly adopted Wine country plan has this property in the C/V Residential area. Some of the usages mentioned in the plan could include a home site, small winery…
39500 Esplendida Way, Temecula, CA 92592, USA $ 795,000.00
Hilltop glory , 360 degree views from this approx 19 plus acre parcel. Vineyards and groves would thrive on this location. Close to everything but still very private. This could be the finest lot in the entire area.