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Housing is fixed.
At least that is the belief of most members of Congress, based on feedback from lawmakers and legislative staffers on Capitol Hill. If you were to only listen to the national media to formulate an opinion on housing, you would probably reach a similar conclusion. While it is true that the residential construction market has definitely improved, with April housing starts over 850,000 and total U.S. permits just over one million, housing is certainly not “fixed.”
The Patient Protection and Affordable Care Act (PPACA), more commonly referred to as “Obamacare,” first sailed through the treacherous waters known as the U.S. Congress in March 2010. In July 2012, strong waves and adversarial winds threatened to scuttle its hull on the rocks of the U.S. Supreme Court. Somehow, though many are still left wondering how, it coursed through those rocks with nary a scratch. In one final test, a mutiny against this ship’s captain was proposed last November, but, in the end, it was turned aside.
Congratulations to Cascade Lumber Company, which celebrated its 60th anniversary in May.