A Recovery With Many Fathers: People, companies and, yes, the government have put the economy on the mend

摘要

The great american housing market is back. The Case-Shiller housing index, using data from 20 cities through March 2013, showed the largest annual increase in prices in seven years. That's one sign of the essential dynamism of the American economy. Despite dysfunction in Washington, despite the sequester, the American economy has once again shown its core character: flexibility and resilience. A housing revival was inevitable at some point. The U.S. is the only rich country in the world whose population is growing. We add 3 million people to our number every year, thanks largely to (legal) immigration. That means, over time, we will need new housing-unless children want to live with their parents forever.