March/April 2009
by Andy Engel
Who's next to buy a deck?
First 100 Words:
Wow. I just read "The Remodeling Market in Transition," a report prepared by the Joint Center for Housing Studies of Harvard University. We're in bad shape. Anyone other than Rip Van Winkle knows this, but seeing the current housing recession compared statistically to past ones is stunning. For example, housing starts are down 66 percent from their peak, which is much more severe than the 7 percent decline in starts during the recession of the 1980s. Anyone old enough to remember the recession in the mid-1970s might be interested to learn that it resulted in a 40 percent decline -
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