WAMU 88.5
Feb. 1, 2013
Traditionally, economic recoveries gain momentum only after the housing market bounces back and revs up that job-creating machinery. From 1980 to 2007, the housing industry accounted for roughly 5 percent of total GDP, but since 2008, the recovery has been weak because housing has been making less than half its normal contribution to total growth.
The Bipartisan Policy Center, a think tank in Washington, said that if the housing sector were to rebound to its historical average of growth, the economy would generate 2.9 million direct jobs for architects, roofers, electricians, real estate agents and others.
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Ashley Berrang
Director of Communications
aberrang@bipartisanpolicy.org
For media inquiries related to energy policy, please contact:
Rosemarie Calabro Tully
Energy Project Press Secretary
rcalabrotully@bipartisanpolicy.org
For Congressional inquiries, please contact the Bipartisan Policy Center Advocacy Network:
BPCANinfo@bipartisanpolicy.org
202-218-6761
