Saturday, May 21, 2011

So, what's wrong with the U.S. housing market?

This is a great report that explains what's going on. The bottom line is:
  1. Job growth is very, very slow.
  2. Wages are getting squeezed.
  3. Home values are still sliding down in many areas.
There are indicators that we are generally on the upswing, however. But it will be slow. However, let's dig into the numbers a bit more. Last month there were a very low 384,000 single family residential housing starts in the U.S. How many of those were, or could have been, log or timber frame? I am not sure. But even a fraction of a percent means that some people are still deciding to build a log home.

No matter how bad you think it is, somebody in your area has decided to build a new log or timber frame home. You just have to be out front and be the company that gets the job.

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