To Create Jobs, It’s the Housing, Stupid

It’s not the level of mortgage rates — that’s not what’s holding back the housing market,” said Conrad DeQuadros, senior economist at RDQ Economics. “It’s the excess supply of homes, the backlog of foreclosures. Those aren’t issues that can be addressed with monetary policy.” This leaves the President and lawmakers to fix the problem. The President took a step in the direction of helping the housing market by announcing a revamp of the Home Affordable Refinance Program. HARP will now be open to a larger number of troubled borrowers who owe more on their homes than those homes are worth. But the program’s potential effectiveness remains unknown. Congressional action on housing — or on any job-creating measure — has been minimal thus far this session, but making even minor progress on solving the foreclosure crisis, as opposed to minor progress on trade agreements or tax reform, might provide greater results in the end. Growth in home construction has in the past been a sure route to recovery. “The jobs it produces in manufacturing, lumber and all the other areas related to home building usually can help kickstart a recovery,” writes Danielle Kurtzleben, a data reporter for U.S. News and World Report. “Indeed, one reason that the public sector has been hemorrhaging jobs, particularly at the local level, is a reduction in property tax revenue. Though it would be a slow process, boosting the housing market — moving homes through the foreclosure process and boosting home values — would eventually help government again add the jobs it has shed.” (www.usnews.com)
U.S. News and World Report (10/28/11); Danielle Kurtzleben

Two new houses begin at House Ridge Estates

Construction has started on a 1880 sq ft model and a 1440 sq ft model. Buy now and be able to choose all colors for inside and outside. We are currently offering several great financing programs.

City of Benson AZ Offers a Full Day for July 4th Celebrations!

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House Ridge Estates residents in Benson, AZ, (Cochise County) will participate in July 4th Celebrations enjoying a traditional parade and then settling in a Lion's Park for music, food and games. Although fireworks have been cancelled, you can review the City of Benson's July 4th activities here.

For fun you can enjoy a video of July 4, 2009, celebrations in our Cochise County.



What are you planning for July 4th?

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