Friday, January 20, 2006

Deflating The Housing Bubble Talk

Heres a brief excerpt from a story in the New York Times earlier this week:

"As of yesterday, the Census Bureau officially pegged the resident population of the United States at closing in on 297,000,000. The bureau estimates that with a baby born every 8 seconds, someone dying every 12 seconds and the nation gaining an immigrant every 31 seconds on average, the population is growing by one person every 14 seconds.

At that rate, the total is expected to top 300 million late this year. But with those projections adjusted monthly and the number of births typically peaking during the summer, the benchmark is likely to be reached about nine months from now."

For our local home builders, keep building those homes, 300 million people need to live somewhere.


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