A teammate recently bumped into an automotive industry professional here in Las Vegas who claimed the housing market was drastically affecting their business. An article in MSNBC confirmed that claim. Auto sales, among other industries, are heavily impacted by the slower construction and resale markets.
This associate we know mentioned that auto sales success is tied to housing success much more than the would like to admit. When people can refinance and draw cash out of their homes to make purchase or sell a home and have some extra cash when buying the next home they make the big ticket purchases. When people go upside down they synch the purse strings much more.
Wouldn't it be great if other industries started pushing and promoting the housing market to help bolster their own sales indirectly?!
