Will housing drive economic growth in 2012?

The housing slump has been a killer for economic growth since the great crash of 2008. Many people think we won’t be able to get the economy going until the housing market recovers. We’ve heard some good news lately, with an unexpected jump in housing sales at the end of 2011. Some bankers like Jamie Diamond are calling the bottom in real estate.

It will be interesting to see what happens. As we work through the housing inventory, consumers are finally feeling better about the economy. This could spark another home improvement boom. One thing to look for in 2012 is the health of retailers like Home Depot. If more Americans are feeling better about the economy and more homes start selling, then we could see this drive economic growth.

There are so many resources out there for consumers to do work on their homes. In-store shopping at places like home depot are very popular, as are online options. You can do research on price and design options very easily online. You can shop for furniture and other needs, like buying picture frames here, and you can save so much time and money while making your home look beautiful.

We’ve seen the auto industry recover. Now if we can see housing and home improvement make gains as well, then we might finally be on our way to a real recovery.

  

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