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Bleak House Riverside Edition    US $1.00

BLEAK HOUSE GEORGE HARRY FORD ET AL CHARLES DICKENS PAPERBACK NEW    US $28.21

Bleak House by George Harry Ford Sylvere Monod and Charles Dickens 1977    US $24.95

Bleak House Riverside Edition    US $1.00

Bleak House Signet Classics    US $1.00

Bleak House Wordsworth Classics Wadsworth Collection    US $5.95

NEW Bleak House Dickens Charles Bradbury Nicola E    US $7.83

Bleak House Signet Classics    US $4.87

Bleak House NEW by Charles Dickens    US $15.28

Bleak House Signet Classic Charles Dickens Very Good Book    US $4.99

Bleak House Book and CD ROM Pack NEW by Charles Dickens    US $21.49

The Fallout Of The Housing Decline

Workers are laid off while some construction companies go bankrupt are two things that happen when there is a decline in home building. But if you think that they are the only ones affected, think again because it creates a domino effect.

Aside from those working in the construction company, those who supply the construction materials like the lumber yards and steel mills are also affected because they will not be able to sell that much compared to the last month or even last year which is why they could pose little or no growth at all when it is time to report their corporate earnings.

On a national level, there has been an increase in the number of people who are unemployed which happens to be its highest in 7 years. Just last month, 159,000 people lost their jobs and 22% of them came from the construction industry.

Naturally, such massive job losses will affect consumer spending since people will tighten their belts even further rather than buying something they like from the store.

If a house is going to be built, the homeowner is required to get a permit. This will give him the right to build on the property and is also used by the government an indicator of future building activity. If there is a decline, cities that issue these permits will also lose a certain amount of revenue thus they will not earn that much from construction as they have done so in the past for projects that they plan.

Just to show you how bleak it is, overall permits for the month of September this year in the Midwest, South and West declined by 9.8 percent, 9.9 percent and 12.7 percent, respectively.

The only one who did well was the Northeast after a recent code change in New York City but that just offset the losses it experienced in the two previous months.

These figures are important because housing does contribute to the GDP or gross domestic product of the country and since there is a slump right now, it is only natural that it has a negative effect on the economy.

But what is surprising is the fact that the decline in home building as well as the sale or resale or homes for the first time contributed to the US recession. Back in 2000 to 2001, this was blamed on the burst of the dot-com bubble or the attacks of 9/11.

Although we recovered from that and experienced growth over the 7 year period, some say that this is normal because the recession is part of the business cycle. The economy expands, slows down and then recovers. Yes people will lose jobs and some businesses will go bankrupt.

Should only the strong survive during these trying times? No because the country has experience a recession countless times and some feel that we didn't learn our lessons from the past which is why we are here again.

Have we learned from our mistakes? Even if the $700 billion bailout plan works, some say no because it is bound to happen again unless radical changes in the system are done. The same goes for the decline in home building because maybe we should have only made homes equal to the demand but that in reality is hard to achieve.

About the Author

Movies like Bleak House and Cranford???? Period Pieces?

I have seen

A passage to India
Brideshead Revisited (1981)
The jewel in the crown
The far pavillions
Tipping the velvet
Vanity Fair (Natasha Little)
Victoria & Albert
Nicholas & Alexandra
Tristan & Isolde
The moonstone
Three wishes for Cinderella
Perfume
Silk
The last September
The Pallisers
Poldark
Poldark 2
Captains & the kings
Centennial
Les Miserables (Richard Jordan)
Howard's End
Rebecca
Northanger Abbey (Felicity Jones)
Dresden (2006)
Wives & daughters
The Buccaneers
The Aristocrats
Anna Karenina (2001)
Daniel Deronda (2002)
He knew he was right (2004)
Little Dorrit (2008)
Cyrano
Cold Mountain
A dance to the music of time
Horseman on the roof
The last September
The painted veil
Persuasion
Woman in white
Under the greenwood tree (Christmas story)
A very long engagement
Mill on the Floss
Middlemarch
Lorna Doone
Moll Flanders
Angel
Amazing grace