For housing, 2014 is already a lost year
The government's efforts to boost housing starts has not only failed but, with fewer building permits being issued, the number will continue to fall.
Housing and Construction Minister Uri Ariel was right in saying "2013 is a lost year," but not in the way he intended it. Ariel was pointing out that even if the government started taking concrete steps to improve the residential real estate picture, they would have no impact for another several years.
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