Economic Danger Signs

Economic Danger Signs

July 17, 2006 Posted by J. Scott Moody - No Comments

The Wall Street Journal this weekend ran a story titled “In New England, a Different Kind of Fall.” The story is primarily about the cooling housing market and its short-term negative impact. However, over the longer term, the housing outlook is even gloomier. Why? The long-term shifting of population out of New England. The article states: “Meanwhile, the pool of potential home-buyers in the regions is ‘falling like a stone,’ says New Hampshire-based demographer Peter Francese. He cites U.S. Census Bureau data showing almost 200,000 residents between 25 and 44 years of age left the region between 2000 and 2004. All six New England show declines in that category, with Maine, Vermont, and Connecticut far outpacing the national average.”
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