A global homebuilding industry reduces economic disparity.

I am proposing that a major global homebuilding industry be established for construction and sale of millions of homes to the working and affluent people in emerging economies that are able to qualify for a home mortgage. Many of the prospective homebuyers live in homes of a quality that are far below what they can afford. A major global homebuilding industry constructing millions of homes per year in the emerging economies would create development and construction jobs on a very large scale and begin the process of eradicating severe global poverty. As the funding of home mortgages enters the economy a major increase in the global demand for consumer products by the new home buyers and the newly employed will energize the global economy.

Currently Research and Markets in Dublin is reporting that the Global Homebuilding Industry in the industrialized nations reached a volume 27.9 million homes in 2009 and is expected to reach a volume of 46.3 million units in 2014. This represents a total infusion of capital into these countries of over $5.7 trillion and $14.67 trillion respectively, which is the driving force in those economies today. The proposed economic development strategy is structured to infuse capital into the emerging countries in the same manner. The demand for housing will eventually reach a higher volume as the economic foundation becomes strong.

 Latin American leaders have already stated that they need fifty-four million homes just to meet current demands. It is difficult to imagine how many homes India, Africa, and South East Asia need. It will undoubtedly run into hundreds of millions. The population on the planet is expected to increase from 6.8 billion to almost 10.0 billion in the next thirty to forty years; most will be born in the emerging economies.  The time has come in the Twenty-first Century when it is possible to put an end to severe global poverty. By creating a home building industry in emerging economies we can create jobs for their economy, for the global economy and dramtically reduce economic disparty.

The proposal is directed toward the establishment of a global homebuilding industry for the development and construction of homes in developing nations attempting to increase the liberty and prosperity of their people. A homebuilding industry will establish millions of jobs for the participating countries. The growth in some of these countries is now limited by the number of families forced to immigrate because of the lack of jobs and housing.  Many of those leaving their native countries are experienced and educated creating what has become known as “Brain Drain” which is a serious problem for economies that are in great need of educated and experienced workers.