Economy grows in 2nd quarter (no thanks to home construction)
What some economists had predicted has come true. The economy actually grew fairly well from April 1 to June 30.
From several conferences I've sat in on, economists assumed we'd get an uptick in the 2nd quarter from the government welfare...um..stimulus checks. The same numbers crunchers assume the economy will slow down for the rest of the year and into early 2009.
What's it mean for housing? Well, it could be worse. Despite the loss locally of thousands of jobs in real estate, lending and construction, we seem to be muddling through.
Signs point to mid-2009 recovery of the housing industry and of the economy in general. By housing "recovery" I don't mean hot potato home sales. More like lukewarm mashed spuds without the gravy.
At least that's the rough consensus of about a half dozen economists I follow.
Most Recent Blog Posts
About the blog
Housing market news is the focus of the (Un)Real Estate blog. It offers an inside look at the Florida housing market and real estate news, with a focus on Tampa Bay. Its goal? Simple: To help you keep a roof over your head without losing your shirt.
Advertisement
Follow us on Facebook
Comment Policy
| Please be sure your comments are appropriate before submitting them. Inappropriate comments include content that: |
| Is libelous |
| Is abusive, harassing, or threatening |
| Is obscene, vulgar, or profane |
| Is racially, ethnically or religiously offensive |
| Is illegal or encourages criminal acts |
| Is known to be inaccurate or contains a false attribution |
| Infringes copyrights, trademarks, publicity or any other rights of others |
| Impersonates anyone (actual or fictitious) |
| Solicits funds, goods or services, or advertises |
| The St. Petersburg Times does not edit posts but reserves the right to delete comments that violate our policy. |
