by Urs Buehlmann and Al Schuler
Still lots of headwinds to deal with:
- Economy is getting better, albeit very slowly
- Government debt issues – all levels of government – exacerbates the job probm
- Much of Europe in recession – major banking problems – Cyprus is latest – China is slowing too
- Housing’s main problems – Weak domestic economy made worse by slowing world economy; weak job market; poor income growth; high debt levels; and tight credit environment
Demand ( not enough), debt and uncertainty are some of serious problems that are impacting the economy.
Job creation is key to better demand!!! – this requires better vision from “Washington”
To see the full report, please follow this link
By Urs Buehlmann and Al Schuler
The housing report is a free service of Virginia Tech and is intended to help you gauge future business activity. Al Schuler gave us permission to include his monthly housing report in this mailing as well. All past housing reports are archived at:http://woodproducts.sbio.vt.edu/housing-report/.
We would like to thank all who responded to our survey. We are currently analyzing the data and we will keep you informed about the findings. Your support is greatly appreciated!
Please let me know if you have any questions.
Brooks Forest Products Center
Mail Code 0503
1650 Ramble Road
Blacksburg, VA 24061