A silver lining to the historic collapse of the American housing market is emerging and the long term implications to the housing industry and the lifestyle of Americans in general are profound.
With new home sales down 80% since 2005 (yes, you read that right) and no recovery in sight, long term changes in the behavior of Americans buying homes was inevitable. In comparison, sales of existing homes for the same period are only down 28%. The trend right now appears to be strongly away from McMansions and toward more reasonably sized, affordable single family dwellings.
This trend can only bode well for the long term greening of the housing industry. Smaller dwellings mean less electricity, less petroleum and other raw materials used to manufacture housing parts, as well as overall reduction in demand for “new” of everything from appliances to window curtains. This is good, in my opinion, as this demand would be much better utilized toward the growth of small, local businesses, NOT big box retailers like Home Depot and WalMart.
Sally Fallon Morell, President of the Weston A. Price Foundation, speaks to this trend in the short video below. We have build every single, free standing, suburban home this country will ever need or so believes an urban planner that Sally heard speak at a Conference in 2009.
Where will the growth come from in the next 100 years? Small farms and small, local businesses of course!
‘Ole to a strong, independent America once again!