Michael Carliner
Michael Carliner
beginnings effect immediate lock lower people rate sales start unusual
It's not unusual when you first start to see the beginnings of a rate increase, that the immediate effect is an acceleration of sales as people try to lock in the lower rates,
areas building divert effect hit key produce wood
It's going to divert some key materials. It's going to have an effect on building elsewhere. A lot of the areas that were hit are areas that produce wood products.
among family gone living oldest people share
Among the oldest households, the share of people living with their family has gone down, but among people in their 50s and 60s it has gone up.
although andrew assessment beyond destroyed dwarf estimated flooded homes housing hurricane number official orleans previous
Although there's no official assessment yet, I think the number of housing units destroyed is going to dwarf any previous disaster. Hurricane Andrew was estimated at 28,000 homes destroyed. The number of homes that are flooded now, that are probably beyond repair, is probably much larger. There are 200,000 homes in New Orleans alone.