Dive summary:
- Many reports have shown that home sales, and thus the climate for home building, are coming back, but a sobering report suggests that optimism outside the industry does not reflect the internal numbers.
- The report commissioned by the John D. and Catherine T. MacArthur Foundation asserts that 80% of Americans think the housing crisis is what's happening now, not something that has passed.
- Homeownership is still one of the building blocks of the dream, but 60% of the respondents said they believe renters can are equally likely as homeowners at achieving the American Dream; 57% of respondent believe that home ownership is losing its appeal.
From the article:
"America is going through a transformational period in which the old forms and systems are changing, and the unconventional is becoming more conventional and even fashionable," said Peter D. Hart of Hart Research Associates. ...