A Housing Boom, Led By Boomers
As a generation shops for retirement homes, the US building industry thrives.
"...Economists believe this [baby-boomer generation] demographic trend may be one of the forces driving the US housing market... It could be an important boost for the economy. Housing and autos are still two of the main drivers of economic activity, marked by large multiplier effects that provide jobs and work for other industries that supply them. Retirees moving into new houses buy carpets, drapes, television sets, dishwashers, and refrigerators."
Thanks to Chris Steins
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Published on Tuesday, January 27, 2004 in
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