2015 is finally the year of the home construction boom

Posted by on Jun 17, 2015 in Blog | No Comments

Permits for new construction are at a post-crisis high.

There are many important sectors of the U.S. economy, but you can make a good case that real estate is the most important.

Housing is an essential good for all Americans, but more than that, residential investment has historically driven us into and out of recessions. UCLA economist and statistician Edward E. Leamer has even argued that “Housing is the business cycle,” because most recessions the U.S. has experienced since World War II have been preceded by problems in the housing market, and the subsequent recoveries have been powered by the residential construction industry.

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