unemployment's dragging down the housing market

How unemployment's dragging down the housing market.
Although the US population has grown by 120 million people in the past 50-odd years,
today's new homes are selling at just half the pace they were in 1963.
Home sales are being dragged down by the weakness of the labor market and the number of Americans who have grown too discouraged to look for work, economists say. In previous recoveries, the housing market has sometimes buoyed the economy, creating new jobs and driving economic growth. This time, however, the housing market is now lagging behind.