Two Million Construction Jobs May be Lost for Good
June 20th, 2011Via: CBS:
Some Americans are giving up entirely on the idea of owning a house – choosing instead a condo or renting an apartment.
In southern California, CBS News correspondent Bill Whitaker reports more of those homes are being built now – but they don’t create as many construction jobs as single-family houses do.
Put on life support by the recession, housing construction in California is beginning to show a pulse. But the life blood is no longer single-family houses. There’s a new driving force: apartment and condo construction.
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