The NY Times argues (free subscription required) that Hurricane Katrina could actually extend the housing boom. NYT reporter Motoko Rich writes:
...the storm has led to rising oil prices and shortages of building materials, and is likely to shake consumer confidence. But most experts think the housing market's five-year run still has a way to go before it peters out. In a weird twist of fate, the storm could even extend the housing boom, which in recent weeks had seemed to be running out of steam. That is certainly true in places like Houston, Atlanta and Baton Rouge, La., which are experiencing a surge in rental and homebuying activity as a result of the storm and the exodus that followed.
Interesting viewpoint, but is the author mistakenly generalizing from the areas affected by the hurricane to the entire US housing market?