Heads Up!

The home building industry has been a critical part of past economic recoveries. It makes sense to keep an eye on current developments, even forecasting what the future holds for the home building industry.  My analysis is that the home building industry is poised for a sharp move ahead, thus adding a significant number of new jobs to the economy.  My forecast is based upon the number (or lack thereof) of homes for sale.  Keep in mind that a surplus of homes for sale like we saw in 2008 – 2012 will deter developers from starting new homes to build.  GOOD NEWS:  As of March 31, 2013, there were 1.93 million existing homes for sale in the USA whereas just 4 years earlier, the number of homes on the market was 3.65 million (source: National Association of Realtors).  For more information, click: http://www.realtor.org/topics/existing-home-sales/data

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