Consumer confidence isn’t increasing as quickly as we had hoped. Honestly, it’s with good reason.
- Job growth is slow. Even though big corporations are posting huge profits, they’re learning to do more with fewer employees.
- Unemployment is still high at 9%. Over 15% of those are either underemployed or have given up their job search.
- Inflation is on the rise as are gas prices, which are 38% higher than last year.
- Home values are declining again.
This latest report from John Burns delves more deeply into these issues and shows how each of these affect the market indicators.
May 2011 Part 2 U.S. Real Estate Building Statistics Report –
I sure am glad that I buy right.