Slow Ride: Housing’s Recovery Taking a Breather – Housing Mercer County, NJ
Slow Ride: Housing’s Recovery Taking a Breather – Housing Mercer County, NJNovember 26, 2014
Housing Mercer County, NJ
By Liz Ann Sonders- June 2, 2014 – www.schwab.com
After a sharp recovery off the post-bubble low in housing, many of the key indicators have stalled. Housing has been historically considered a key driver of the US economy. But starting in the early 1990s, the relationship began to weaken. Housing was less important a driver during the tech boom of the 1990s; but then steadily grew, culminating in the bubble peak in the mid-2000s. At the peak, residential investment was at the highest share of US gross domestic product (GDP) in the post-World War II period; a clear “overshoot” relative to the 1990s.