Housing Market Explodes/Collateral Damage

Perhaps you have been reading of the new optimism in new home construction which will propel the U.S. back to prosperity. Don't you believe it. If home construction was really starting to cook, employment should be up in that sector. Well, not so much. Fritz Pfister in Townhall in reviewing job numbers from the weekly ADP reports says that:

"The stand out number from the ADP report for everyone told of the great housing recovery by the Columbia regurgitators, is the number of construction jobs added in March; 0. That’s right, the great housing recovery added a whopping zero construction jobs in March."

finance.townhall.com/columnists/fritzpfister/2013/04/05/cautiously-pessimistic-n1558633

Hmm. Perhaps that is also why, as he points out, we are mired in the 46th month of the worst recovery of any of the 11 recoveries from recessions since the Great Depression. I am starting to see a second round of small businesses throw in the towel. They rode out the first four years of the recession but just cannot stay with it any longer. The President's Rx: more stimulus! Yessir, get them shovel-ready jobs out there. Let's keep doing what we have been doing, that's the ticket! Insanity.