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College of Design

Tuesday, January 24, 2012

In Today's Market, We're a Hot Commodity

foreclosed-house-300x225.jpgThe last decade has shown us all how heavily the housing market influences our nation's economy. Advances in technology and communication have given rise to an increasingly complex home lending industry, surpassing previous regulatory standards and sending America into an economic recession. While signs of recovery are being observed, unemployment is still widespread and overall economic growth is slow at best. While many of today's college students fear they will be diving into an uncertain job market upon graduation, most of us housing students aren't so worried.

Regardless of economic conditions, housing-related expenditures consistently make up over one fifth of our nations Gross Domestic Product (GDP) - it is something that makes up a significant part of nearly every household budget. America's housing stock has proven invaluable to our economy, and the recent housing crisis has only increased the demand for the handful of us who have devoted years to facing these tough housing issues. There will always be jobs in housing, and our skills are needed now more than ever in both the public and private sectors.

Whether it be rewriting fraudulent mortgages to help families stay in their home, assisting in the development of affordable housing, rehabilitating neighborhoods, or guiding public policy - there is a lot of work to be done, and a lot of opportunities to be had. Design is all about problem solving, and housing is something that is constantly being re-assessed to maintain the vitality of our nation. It's actually pretty exciting.

Jesse LaMaack - Housing Studies, B.S.