Those who believe that buy to let was killed off by the housing downturn should think again.

Makin had been warning about the effects of a housing downturn on the broader economy for months.

But the housing downturn resulted in those jobs being eliminated.

Economists said this level of job growth suggested that any spillover from the housing downturn had been limited so far.

"But the housing downturn and cutbacks in auto production are still likely to hamper growth."

The 2008/2009 housing downturn had a strong effect on Bend's housing and economic situation.

Analysts said it represented the bottom of the current housing downturn.

Despite the housing downturn, they build such spec houses seven to nine times a year.

And just in case you're wondering, during the housing downturn of the early 1990s, the decline was never worse than 2.8 percent.

An example is the economic difficulties in the early 1990s, which included a significant housing downturn.