New Housing and New housing starts - Economic Outlook

It should come as no surprise that the housing construction sector is in the tank right now. Yet, another tank, Online Think Tank estimates that it will be until 2010 until things return to normal. At present, housing is in a 14-year low. New housing starts are the lowest ever seen when comparing the new home is against the total number of houses.

Can it be worse? Well it just so happens that the answer is yes, but noted that 14 years ago it was 1995, which was a pretty dismal year for housing and interest rates were very high, to boot. With more and more foreclosures hitting the existing unsold housing market, there is virtually no market for a new home at all.

Top it off with the problem of increased scrutiny of loan applications, a high down payment requirements and credit score requirements homebuyers from creditors, and you can see where it all happens, not up! With residential real estate drunk banking under the gun, mine construction, well, what else could go wrong? How about side effects, the small business sector, services sector, new cars, and retail. Yes, all the people too, and their views are not much clearer either.

Economic stimulus package will help retail, small business and service sectors, and where people (consumers) are said to buy American products and spend money locally, these sectors may be able to do what they have done historically. Keeping the U.S. economy. However, the Online Think Tank Calls for 2010 - 2011 for new housing rebounds for the good old days.