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The Perot Group Chairman Ross Perot, Jr. on the positive signs for the housing market and economy and their impact on the election.
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Big housing news today as we got word that residential construction jumped 15% in September so is this a trend or is this just another temporary surge it'll burn out.
Also do these numbers confirm the president's message that things really are getting better two questions are next guest is on top of as a businessman who invest in housing.
And as the son of Ross Perot who played a critical role in an election not too long ago and who just endorsed Mitt Romney for president we welcome Ross Perot junior is chairman of the broke -- in -- Fox Business.
Excludes exclusive goodness CF now we we say your dad -- endorse Romney you've endorsed him as well correct.
Into that would governor -- since 2000 night and could that a big supporter OK well the first all what did you think of the job he did last night.
I think he did a great job I think it's I've been in these device -- -- -- -- my father -- watched the device so watch a vice presidential debate.
To be in that arena to perform the way both me and did is a very difficult job and it Romney either great job Romney -- -- top and I was -- You say -- came out lot of even conservative supporters of Romney will say they miss some.
Key opportunities you did mention Solyndra for example when the president was touting green energy program.
Some other things like that and of course -- the Libyan situation did he miss the bet on those.
I don't think so because he talked about the economy went through the key points on the economy whittled it affects our economy.
In the critical issue in this country right now you've got to get the American people back to work -- we have to grow.
And that's a governor Romney's -- -- -- the other issues are important but growth as the most important.
And as a part of growth of the people been saying -- a couple of years now that we can't really consider our economy to begin growing -- we get housing under or these new housing numbers.
Look pretty good don't they I mean have we turned the corner in house.
David I think we've turned the corner we've been investing in housing for the past three yeah.
We've been in this business for 25 years we've been on the bottom we're -- come back.
Provide later and 50000 homes per year right now we're off of -- high of one point eight million new homes a year.
We're very happy at this level of around 800 million homes a year we can build -- -- business I think we're coming back.
What and where are you by what kind of housing -- -- by -- and where exactly.
We're we're land developers we have thirty communities across United States for investing heavily in taxes.
We're pretty well through other Texas investment because Texas really has recovered.
Our big focus thousand California we've teamed up the great help build contain the new -- company but Larry web.
We're now investor -- Larry in doing some phenomenal new projects in California that we're excited about so all of this.
Would -- in a way to support the president's message that things are getting better now.
It's getting better but you look at look at how long we've been down -- what a terrible low we've been on this shift come back two to three years ago today.
It's taken us a long time to come back a huge amount of pain in the system to bring us back.
It's amazing now we're out building again how you start to see problems in our supply -- in Texas we don't have enough labor bill hopes.
In Texas where of -- building has also -- warehouses we don't have people to build warehouses now on taxes.
There -- building California -- houses and building Helms California seems in better situation a labor.
But you're gonna have a lot of vanishing problems in this economy is it starts a comeback.
This is supply chain has really been decimated over the past fortified here it has but it's nice have a problem of not enough labor as opposed to word -- -- -- -- jobs it is it is -- -- in if you think David Muir what do we do is businessmen and women.
We go out we built our company's we create jobs we've traded thousands of jobs and who would in the past twelve months with all of our new construction starts.
And our new warehouses.
We're very proud of that.
And that's what we all need to do to help bring this economy back well I'm just wondering this if in fact your guy loses and if we have another term of President Obama will this positive trend as as.
Slow as -- -- -- but will it continue and a positive direction.
You know if you're a big developer like we are you'll continue to move -- -- continue to bill because there is some demand out there.
Who's gonna get hurt is a medium -- developer in the small developer.
More years of slow growth is gonna decimate the medium to small developer were large enough to where we can continue to push forward.
We don't have to rely on a bank every day to finance our projects most developers -- Because of the bank if you still can't get reasonable debt have a bike if you're -- developer.
So is going to be slow it's going to be painful.
And our world will be fine but I'm concerned about the nation.
How do we get all of our peers up and running and go back to a great economy that we -- what what specifically do you think a president Romney would -- to help those small and midsize developers.
You've got to go back to a unified team got to pull a whole country back together we need optimistic message.
Got all the -- game plan great message of optimism low tax low regulation certainly.
Let's build our nation let's get back to work.
It's a greatest nation -- the world it's still the best nation how are to investing and that's why our we're investing all across this country.
To bring it back -- wonderful future.
We get out of this problem with growth and optimism and that's what governor -- bring to us well congratulations on doing well with -- for by the way how's your -- doing.
That's all right good to hear them very well thanks drastic Ross Perot junior chairman of the program great to see you please come back -- -- is again.
Today to thank you Greg.
