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→Housing stimulus falters
==Housing stimulus falters==
==Housing stimulus falters==
[[File:Exisitng Home Sales July 2010.JPG|200px|right|thumb|]]
[[File:Exisitng Home Sales July 2010.JPG|200px|right|thumb|]]
With the aid of the government's program to stimulate and "rescue" housing demand, the National Association of Realtors reported the worst drop in demand on record.
With the aid of the government's program to stimulate and "rescue" housing demand, the National Association of Realtors reported the worst drop in demand on record.
2,100,000 housing construction jobs have been lost since the [[Nancy Pelosi|Pelosi]]/[[Harry Reid|Reid]] [[Democrat]]s captured the [[U.S. Congress|Congress]] in the [[110th United States Congress|2006 mid-term elections]].
2,100,000 housing construction jobs have been lost since the [[Nancy Pelosi|Pelosi]]/[[Harry Reid|Reid]] [[Democrat]]s captured the [[U.S. Congress|Congress]] in the [[110th United States Congress|2006 mid-term elections]].
[[File:HomeSalesGapAugust2010.jpg|200px|right|thumb|]]
[[File:HomeSalesGapAugust2010.jpg|200px|right|thumb|]]
The "Distressing" gap widened between exisitng home sales and new home sales as the National Association of Homebuilders Confidence Index remains at historic lows. "Builders haven't seen any reason for improved optimism," said a recent NAHB press release.<ref>http://www.nahb.org/news_details.aspx?sectionID=134&newsID=11318</ref>
The "Distressing" gap widened between exisitng home sales and new home sales as the National Association of Homebuilders Confidence Index remains at historic lows. "Builders haven't seen any reason for improved optimism," said a recent NAHB press release.<ref>http://www.nahb.org/news_details.aspx?sectionID=134&newsID=11318</ref>