by Robert Barone, CFA @ Seeking Alpha
Recession impact still resonates on today’s housing market.
A demand for houses does exist.
Regulations and constraints on financing are holding back the supply.
One of the key indicators of U.S. economic health is housing – both the turnover of the existing housing stock and the construction of new units. Existing home sales, new home sales, and housing starts all peaked earlier this year. Given the health of the U.S. consumer, as vividly demonstrated in the employment and auto sales data, it is puzzling why the housing numbers now appear to be so anemic.
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