At present, no decline in housing construction is evident in the data,
On all these grounds, we believe housing is due for a sustained decline. The remaining questions are how hard the fall will be and when it will begin.
The pace of home sales is going to go down, and it's not going to be as good as it was. But it's also not going to be as bad as you fear.
Until the housing bubble finally pops, builders and realtors will earn healthy incomes from current or even somewhat-lower housing activity levels, ... However, actual stimulus from housing to U.S. economic growth is about spent.
It's fair to say we're looking for a soft landing in the housing market.
Housing is a major bulwark for the economy. I would hate to think what would happen if and when the housing activity gets tapped out.
