The housing and mortgage crisis has reached such epic proportions that its impact can even be felt in the temporary housing business. To see how this domino effect is sending ripples throughout all markets and trickling down to the temporary housing category, we should first look at the final 2008 foreclosure statistics, which tell us that there is no slowdown to the housing meltdown in sight.

In 2007 before the meltdown, the housing industry experienced a 75-percent increase in the number of foreclosures year over year, with just 10.3 of every 1,000 homes affected. In 2008, however, all of that changed as foreclosure increases continued to escalate.

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