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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Live2Sail who wrote (44878)	11/19/2005 8:07:52 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 306849

RE related jobs have been 40% of NEW jobs since the recession in '01. Not "40% of the jobs in the US".

To: Live2Sail who wrote (44878)	11/19/2005 8:15:12 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 306849

somebody posted the Anderson school of business's prediction that a RE bust will cause the loss of 1mm jobs. For an economy creating 50-100K jobs per month, like the US is now, one million jobs lost is a huge problem. But in a normal economy or even a robust economy like we had after the 01 recession, one million jobs lost could be absorbed in a matter of months. After the early 90s recession we routinely created 350K jobs/month, every month. This entire decade and the "boom" we are having is bogus.

To: Live2Sail who wrote (44878)	11/19/2005 8:42:35 PM
From: CalculatedRisk	Respond to of 306849

As the McMansions Go, So Goes Job Growth nytimes.com A nice timely article in the NY Times! Excerpt: Asha Bangalore, an economist at Northern Trust in Chicago, tallied figures from the Bureau of Labor Statistics for sectors like construction, building material and garden supply stores. She found that from November 2001 to October 2005, housing and real estate accounted for a whopping 36 percent of private-sector payroll job growth. "In four years, 2.3 million private-sector jobs were created in the U.S., and 836,000 were related to the housing sector," she said.