One of the WSJ’s lead articles today focuses on the potential revitalization of the American auto industry through exports to China and Europe. 

We’ve been hearing bits and pieces of that story from brokers and economic development folks for several weeks, and the WSJ article today works though the strengths and weaknesses of the concept. 

Multifamily as well as single family valuations have cratered in many markets dominated by auto industry employment – here’s yet another reason to stay in tune with market recovery data as time goes on. 

One might muse that the weak dollar won’t last forever, and a recovering dollar would certainly make export of American made vehicle a less attractive option.  On the other hand, strong dollar recovery doesn’t appear imminent, and once a theme of revitalization began in some of these markets, there could / should be momentum to push a wave of recovery through the local and regional economy. 

This is a principle reason that we track data from despairing markets – eventually most turn around and a new emerging market is born. 

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