Economic Recovery!

Interesting...then what are they proposing to lead the recovery?? The housing market is connected to so many people it would seem hard to do without it....history shows the housing market is the key...

If it doesn't lead the recovery it will be interesting to see what will.  However, it was the propping up of the housing market with low interest rates and zero down financing that lead to the recession.  I think we need to make sure we learn that lesson.  Thanks for posting and have a great day.

Housing is not a leading indicator.  It is a current indicator.  The last thing to indicate a turn around will be employment.  That is spurred by economic activity, in which companies need help to service their demand.  The demand comes from CONFIDENCE in the future.  Investment can ONLY be made when there is confidence in a return.  Economic activity and employment spur purchasing, especially of durable goods, which is done AFTER people purchase a home and feel there is a stable future.

Nadia,

While I can't say that it would require a change in the laws of physics, but generally housing leads economic recovery.

Perhaps we're a "BUILDER" nation.

Steve