I am reading the news this morning and come across the top financial news story of the day, "New Home Sales Surge 11 percent in June." (link below) While this is great news for the country and speaks towards the beginning of a recovery, it begs the question - why are new homes being focused on? Granted, there are a gluttony of jobs that are created via home building (sales, architecture, construction, customer service, etc) but wasn't the shear amount of homes on the market and the techniques used by sellers/lenders what got us into the housing crisis to begin with? These builders were raking in profits throughout the middle part of the decade, and now they are cutting their prices which will put Americans who paid to much for their homes to have to wait even longer for prices to recover.
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http://thebreadwinner.the-amt.com/index.php?/The-Breadwinner-Blog/Labor-Blog/A-Thought-on-Home-Sales.html
