What Next from Housing

Housing is boosting the economy, but will it last?  Recent data point to stronger activity in housing and residential constructions with prices, sales of new and existing homes and housing starts heading higher in recent months.  However, household formation, home ownership and employment gains are still mixed.  Can the combination of the Fed’ quantitative easing round three (QE3) and private equity firms buying up houses to rent to people who may not be able to qualify for a mortgage be enough to spur economic growth?  Maybe not a full answer, but certainly some key facts will be revealed on Tuesday, May 28th at 9 AM with the next release of the S&P/Case-Shiller Home Price Indices…

 

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