For many Americans, buying a home is one of their greatest financial goals. And, according to Rep. Ralph Norman, R-S.C., the health of the economy is tied directly to Americans' ability to purchase real estate.
“So goes housing, so goes the economy,” Norman says. “The reason that is, you have over 130 trades [involved in the real estate market] from the architect that draws the plans… to the sheetrock hanger, to the plumber, to the electrician, and the list goes on and on.”
When the real estate begins to stabilize, the economy will improve over all, he says.
“We know the path that we're on is not sustainable,” the congressman says, adding that it will “take all hands on deck to turn it around.”
Norman joins “The Daily Signal Podcast” to discuss the future of America’s economy and real estate market. He also explains how America can strategically end its dependence on China.
Also on today’s show, we cover these stories:
- The consumer price index rose 8.5% since last July.
- Former President Donald Trump invokes his Fifth Amendment rights during a deposition with New York Attorney General Latisha James' office.
- The Justice Department charges an Iranian operative for plotting to assassinate former national security adviser John Bolton.
Enjoy the show!
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