New Home Constructions Slow Down
I think it’s pretty obvious. The rising fuel prices and consumer price index, a mortgage industry that is almost at crisis mode, and people now starting to downsize, it’s no wonder that new home constructions are slowing down. This is another evidence of the slowing economy. It all can be tied to the wars in Iraq and Afghanistan, which are continuing on, sucking money from the government moneybag, and driving up oil prices. How long will this recession last?
Some folks are saying we are not in a recession yet. But there are definitely a few signs that the economy is slowing down. And new home constructions is just one of those signs. Should we be concerned?
