Wednesday, January 19, 2011
I suspect that a link to Bloomberg news about housing starts being low is due to the fact that a huge generation is retiring or seeking to retire (thus saving and selling), and an interested but smaller following generation or two is not able to eat up the surplus. Why build which is expensive when you can buy one of the many lower priced homes? For a link to the news article click here. This is a socio-economic factor dealing with population, choices by age, and unemployment numbers still being higher than they should be.