[CFR] Not Slowest Economic Recovery, Yet Housing Is – So Deal With It

The Council on Foreign Relations published their quarterly update from the Center for Geoeconomic Studies, always a good resource, called: The Economic Recovery in Historical Context. The charts look at various metrics since the end of each recession. FYI, the recession was dubbed “over” in June 2009.

GDP is growing, but below the average post-war pace but not slower than the 1980-81 double dip.

Housing continues to fall – it is well below both the average and low end of the post-war range. Of course that’s because housing/credit was the cause of the crash itself.

It’s hard to see the economy moving forward appreciably until housing improves or at least it’s being more consistent with historic norms during an economic recovery. I like these graphics because they provide tangible perspective to the state of the economy and housing.

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