"Reading news coverage after Hurricane Katrina,
Salomon learned that in Houston, where many of
the refugees were headed, 14% of all housing
units (homes, apartments, duplexes, etc) were
vacant. Salomon did some research on how this
compares to the rest of the country. She found
that in the year 2000 there were 10.4 million
vacant units and 250,000 people sleeping in
homeless shelters. This meant there were nearly
45 homes that were completely empty per person
sleeping in shelters. Salomon asks, "How is it
that we have a housing crisis? Maybe a homing
crisis, or a sharing crisis, but this isn't a housing crisis. "
A few Comments on February New Home Sales - New home sales for February were reported at 592,000 on a seasonally adjusted annual rate basis (SAAR). This was well above the consensus forecast, howeve...
13 hours ago