“So goes housing, so goes the economy,” Norman says. “The reason that is, you have over 130 trades [involved], 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 market begins to stabilize, the economy will improve over all, he says.
“We know the path that we’re on is not sustainable,” the South Carolina Republican says, adding that it will “take all hands on deck to turn it around.”
