U.S. Outlook: Is housing ever going to recover?
This week brought another round of lackluster housing news.
In fact, two indicators have prompted us to trim our housing starts forecasts for the first half of this year.
- The period of chronically high unemployment and poor career prospects for recent graduates with high student loan debt appears to be largely behind us.
- In fact, household formation is making a huge comeback.
- Housing affordability is up, with the most recent homebuyer affordability index (January) at the highest level since April 2013.
- There are real fundamental reasons to remain optimistic about housing’s future.