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Article: National housing market will help lift 2002 economy. (Residential).(Todd Buchholz reports)(Brief Article)(Industry Overview)(Statistical Data Included)
- Article from:
- Real Estate Weekly
- Article date:
- February 20, 2002
CopyrightCOPYRIGHT 2002 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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After performing a near heroic role in 2001 by preventing a deeper recession, the national housing market will help revive the economy in 2002.
Housing will be a leading driver of economic growth over the next decade as it continues to expand without the dramatic booms and busts of prior cycles, says former White House economic adviser and best-selling author Todd Buchholz in a new study.
Fueling the housing market itself will be two new forces, according to Buchholz. One force is retiring Baby Boomers, who -- enriched by the bull markets of the 1990s -- have become homebuyers instead of home sellers. The second force is the burgeoning population of ...