My Comment : If Apartment Vacancies are so low and Household debt payments as a percent of income are also very low now, then the corollary theorem is very simple : The American Economy needs more housing and there is money to pay for it, so building is very necessary now. And we will see a great expansion of Apartment Building and there is a bright future for the industry and Construction Workers. This is a great motor for the Economy and we are at the threshold of an economic Recovery.
My speculation and guess is that the recovery is very slow because the average consumer still has a lot of "Fear of the Future" but this fear will dissolve as things improve and more people are hired. The construction industry will give impulse and momentum to the General Economy.
Fear and Feelings of Economic Insecurity have a Great Inertia and are not dispelled easily, but things look very bright for the Economy this year 2012 and the storm clouds will clear for a sunny day.
The "Motley Fool" Morgan Housel also gives this amazing fact here in this link :
"The combined assets of Wal-Mart's (NYS: WMT) Walton family is equal to that of the bottom 150 million Americans".
Daily Finance
50 Amazing Numbers About Today's Economy
By Morgan Housel, The Motley Fool
April 5, 201250 Amazing Numbers About Today's Economy
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