Pantheon Macroeconomics - We have given up, more or less, on the idea that housing construction will be a serious driver of economic growth in this cycle. The next cycle should be different, but it was never realistic to expect the sector which brought down the economy to recover fully as soon as the dust settled.

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19 October. 2016 Housing Construction has Faltered - Outlook is Cloudy

By Ian Shepherdson

We have given up, more or less, on the idea that housing construction will be a serious driver of economic growth in this cycle. The next cycle should be different, but it was never realistic to expect the sector which brought down the economy to recover fully as soon as the dust settled.

Posted: 18th Oct 2016 in 'U.S. Documents'

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