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and if this was penciled in here it would be a horizontal line through this graph and we would find that we were building way too much at the height of the bubble and so where are we going from here we are going back to one and a quarter or one and-a-half million or so overt course of next five years and considering we have been at 600,000 or so, if we go to one .2 million that is a double in the pace of reconstruction activity the and twice as many framers roofers and home inspector and is then that has a booying fantastic on the overall economy having said that i m not living with my head in the sand here i recognize that a lot of markets are still suffering a little bit and this graph show you s you the change of value in home price from their local market peak to where they are at present the case sowler composite and san francisco is halfway through the pack there down to about 33% and so whole values are still off from where they were before but if you look at where we
New-yorkUnited-statesNevadaJapanOaklandCaliforniaSan-francisco-bayHong-kongLondonCity-ofUnited-kingdomSan-francisco and a quarter million and so may be between one and a quart million and one and-a-half million is where we aught to be and so now i m going to backup and go to the previous slide and if this was penciled in here it would be a horizontal line through this graph and we would find that we were building way too much at the height of the bubble and so where are we going from here we are going back to one and a quarter or one and-a-half million or so overt course of next five years and considering we have been at 600,000 or so, if we go to one .2 million that is a double in the pace of reconstruction activity the and twice as many framers roofers and home inspector and is then that has a booying fantastic on the overall economy having said that i m not living with my head in the sand here i recognize that a lot of markets are still suffering a little bit and this graph show you s you the change of value in home price from their local market peak to where they are at present the cas
New-yorkUnited-statesNevadaJapanOaklandCaliforniaSan-francisco-bayHong-kongLondonCity-ofUnited-kingdomSan-francisco