Nashville New Homes: Just why are new home starts so critical to our economy?

Wasn’t it great to hear some positive news over the nation’s airwaves this week?

Although high unemployment is still a grave concern, there are signs that we could very well be in our next “recovery.”  Slow, it may be, but that beats what we’ve been hearing for a LONG time!

Like it or not, we are in a World Economy, and many European countries have far greater financial issues than the US. to deal with.  This past week brought optimism that those issues are being addressed.  News released last week was positive enough for many to “call-off” a predicted “Double-Dip-Recession” in the US.

http://slatest.slate.com/posts/2011/10/27/no_double_dip_recession_u_s_gdp_growth_2_5_in_third_quarter.html

And there was positive news for new home starts too!

http://www.census.gov/const/newressales.pdf

That brings us to today’s question…. “Why are new home starts so critical to our economy and it’s recovery?”

Could it be that new homes are one of the few remaining items that are built here in the US?  New homes aren’t built in a factory overseas and shipped in….well, not yet anyway.  New home construction provides immediate jobs to the very area where they are being constructed.  It is said that each new home start creates 3 full-time jobs for one year!

Everyone that has purchased a new home recently can be proud they have contributed greatly to our economy.  (Those that have purchased their new home from us at Ole South have contributed even greater!)

Jobs in this country are still hard to come by, but there are a lot of things that each one of us can do to make a difference.  Buy products made in the US whenever possible.   Not only will you be saving existing jobs, but creating new ones as well.  From the tube of toothpaste, to a kitchen table..it still is possible to find!

A friend forwarded an email to me this morning that opened my eyes even more.  It is about a behemoth container ship used to transport goods from China to the US.  Please read below:

The Emma Maersk, part of a Danish shipping line, is shown in the photos below.

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What a ship….no wonder ‘Made in China ‘ is displacing North American made goods big time.

This monster transports goods across the Pacific in just 5 days!! This is one of three ships presently in service, with another two ships commissioned to be completed in 2012.

 These ships were commissioned by Wal-Mart to get all their goods and stuff from China . They hold an incredible 15,000 containers and have a 207 foot deck beam!! The full crew is just 13 people on a ship longer than a US Aircraft Carrier (which has a crew of 5,000. With its 207′ beam it is too big to fit through the Panama or Suez Canals ….

 It is strictly Transpacific. Cruise speed: 31 knots.

The goods arrive 4 days before the typical container ship (18-20 knots) on a China-toCalifornia run. 91% of Wal-Mart products are made in China. So this behemoth is hugely competitive even when carrying perishable goods.

The ship was built in five sections. The sections floated together and then welded.

 The command bridge is higher than a 10-story building and has 11 cargo crane rigs that can operate simultaneously unloading the entire ship in less than two hours.

 Editorial Comment!

A recent documentary in late March, 2010 on the History Channel noted that all of these containers are shipped back to China, EMPTY. Yep, that’s right. We send nothing back on these ships. What does that tell you about the current financial state of this country? Just keep buying those imported goods (mostly gadgets) until you run outof money.

Then you may wonder what the cause of unemployment (maybe even your job) in the U.S. and Canada might be????

‘Nuff said ??

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WOW.  And that is just ONE of thousands of container ships.  Something to think about for sure.

Trey Lewis is a licensed Real Estate Broker in the State of Tennessee with Ole South Realty, 615.896.0019  direct 615.593.6340.  Specializing in new homes in the Greater Nashville area to include Nashville, Murfreesboro, Smyrna, Clarksville, and Spring Hill, Tennessee.

 

 

 

 

 

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One comment on “Nashville New Homes: Just why are new home starts so critical to our economy?

  1. Well, the reality is though that Australians, Americans and Britain’s are too valuable/productive to be making goods, or is it that you are too picky to wait 4 days for your latte to arrive from China. We are better off producing software. Sadly with the minimum wage, my partner feel compelled to employ a slow Filipino programmer to develop our website than a faster Westerner. And its not like we are 10% employed; we are 88-94% employed depending on the country. The difference in unemployment reflects the extent to which a country has:
    1. Natural advantages like large marketplace, natural resources to stimulate investment, special skills,
    2. A small, non-interventionist govt, or at least a govt that protects rather than distorts. e.g. Legislated minimum wages. Fortunately NZ just rejected one from its Labour-Greens Partys

    This technological innovation is the culmination of intellect. The reactionary policies of Labour-Greens would have raised youth and aged unemployment pushing the dependents up, diminishing social capital by raising drug dependence, reducing self-esteem and increasing suicides.
    We need more thoughtful people; more accountability to stop these stupid ideas getting leverage. The media is the problem. Their natural inclination is to advance scandal, and their reactionary policy making is completely compatible with fear-subjugation. Long live the Libertarian cause!

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