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Waiting for housing to drive the US economy

Posted on 09 November 2012

The US housing market is on the mend, but the so-called “missing piston” of the world’s biggest economy doesn’t have enough power to get the broader recovery firing on all cylinders any time soon.
Construction and related activity will help rather than hinder US economic growth this year for the first time since 2005. That was before the housing bust helped push the United States into recession, triggering the global financial crisis. Higher sales, prices and building, albeit modest so far, are a welcome boost as other drivers of the economy falter………………………………………..Full Article: Source

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