U.S Housing and Goods demand looking good
Northern, WI 03/27/2013 (tradewatchmedia) – The American economy finally seems like its turning the curb onto a brighter street. Sequestrian to the tune of $85 billion are a monumental burden on the common man and the U.S industry which has resulted in a decline in consumer confidence. The fiscal policy has also been tightened as well. But in a way, all this has been offset by a rise in demand in real estate and though the market is nowhere close to breaking through the roof, it has been growing steadily. The housing industry had shown its highest year-on-year gain in over six and a half years, in January. The new homes segments had seen a significant increase in this rebound is going to be a very important factor in growth in the coming years.
Various contributing factors
There has been a year-on-year increase in all 20 metropolitan areas of the country which is the first rise since March 2006. Other contributing factors have been the economic crisis in Europe which to a certain degree had been fuelled by Cyprus on the verge of being drowned. This had a positive impact on the dollar that is gravitating around four month highs in comparison to the Euro.
Companies are retaining employees and job shifts have reduced, pay packages are looking a little healthier as well. All of this has helped Americans become a little bolder with their spending patterns and it has also led to a surge in orders for long-lasting local-made goods. There was a rebound in demand for transportation equipment and orders of durable goods got a boost of 5.7 percent in February. The initial shockwave of sequestration is setting down and wearing out.