NPR: As Goes Real Estate . . .

As Goes Real Estate . . .

The smart folks at Calculated Risk take a look this week at the connection between unemployment and sales of new homes.

Typically, new home sales bottom out during a recession and then start growing at least three months before the worst is over. Unemployment, on the other hand, can peak as late as a year after the recession ends. That makes sense, because companies start hiring once they feel confident that business will keep growing.

So far, so good, right? Calculated Risk says this is not your typical recession. Right now, we've still got falling home sales and rising unemployment. What we'll have next, they write, could be anyone's guess.

Laura Conaway

3:08 PM ET | 01- 5-2009 | permalink

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