Housing the Key to Recovery… Next S&P/Case-Shiller Report Due Tuesday

New research shows that housing and residential construction play an over-sized role in the economy. Despite recent strong gains, neither housing nor construction are back to normal and this appears to be a key factor in the weak recovery. A report from the Federal Reserve Bank of St. Louis says that “recovery of the construction sector seems a necessary ingredient for a strong and sustained recovery of economic activity and a reduction in the unemployment rate.”

Tuesday’s S&P/Case-Shiller Home Prices Indices release will include the quarterly national index and provide a fuller picture of what progress is being made towards recovery.

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