Sunday, December 24, 2017
Americans stepped up their purchases of new homes at the fastest pace in more than 25 years in November, with sales skyrocketing 17.5 percent amid robust demand and a continued shortage of existing homes on the market.
WASHINGTON – It was what one expert called "the mother of all booms."
Just over a decade ago, Arizona's construction industry was leading the country in residential and commercial building. People were waiting up to a year for a house, even as builders were throwing new homes up on spec for the residents who were flocking to the state.
It's been ten years since the start of the Great Recession.
That's an arbitrary anniversary, sure. But downturns need beginnings, and the National Bureau of Economic Research decided this one happened in December 2007, when employment peaked and started to head south -- for two long years.
Sunday, December 10, 2017
Reuters: Business News
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