Home ownership is at a nearly 50-year low. That’s bad news for the economy as a whole, but it’s even worse news for those individuals who typically would be home owners, but for some reason they aren’t yet. Many of these folks are renting. The money that should be building their real estate equity is building equity for a landlord. This has a negative impact in both the short term and long term. A robust construction industry is vital to the health of our communities and when people aren’t buying houses, that hurts construction – even when those first-time...
