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U.S. housing recovery hinges on employment, executives say

Posted on 05 November 2010

From Bloomberg: The U.S. housing market won’t recover until employment increases and consumers become more confident, according to panelists at a Real Estate Briefing hosted today by Bloomberg Link in New York.
“When things turn and there is job growth and there is consumer confidence back, then we’ll see a change,” said Douglas Yearley, chief executive officer of luxury homebuilder Toll Brothers Inc., based in Horsham, Pennsylvania. “We have to get job growth back.”………………………………………Full Article: Source

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