Is New Construction Going Extinct?

Another perception was a reminder that the economic system goes in cycles. Recessions — even depressions — end ultimately. What I realized was that this cycle has been unusual as a result of the housing bubble was a direct cause of the recession. For that cause, housing has been slower than normal to get better, and has been a follower slightly than a pacesetter in the broader restoration. But as issues begin to lookup, all that pent-up demand for housing has an effect, and new development will comply with.

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Webvan was a web based grocer that promised supply in half-hour or much less. In its preliminary public offering (IPO) in November 1999, Webvan raised $375 million and hit a peak stock market value of $1.2 billion. However after its IPO and an infusion of $396 million in enterprise capital funding, Webvan ended up going bankrupt in 2001. In the end, it grew to become part of Amazon.com.