Obama Could Boost Housing in His 2nd Term
In the near-term, housing is likely to be one of the biggest economic success stories. Housing's meltdown set the stage for the financial crisis and recession and the sector's woes contributed to the sluggishness of the recovery. But the housing sector seems to have finally turned the corner, and economists are optimistic it will actually give the recovery some juice this year.
But the role of the government in the housing sector is something Congress and the White House are going to have to agree on, and soon. Right now, it’s still a major player in the mortgage market, with roughly 9 out of 10 new residential mortgages backstopped by government entities. Few economists (or politicians) think the current situation is ideal.
Winding that involvement down—although not too quickly—would help the sector on its path to recovery. But the relationship between the government and housing sector could take many forms in the future, and lawmakers will have to agree on which route to take. The White House could help lead that discussion.
connect the dots... housing thru manufacturing = profitable prefab