Are you still one of those party poopers, stick-in-the-mud, Buzz Killington type of person who is still negative on the U.S. housing market? Maybe this article will turn your frown upside down.
Barclay’s as well as Fitch, are bullish on the housing market. They cite an inventory level that is only at 5.3 months, which is almost as low as during the boom years. Homebuilders have reported an increase of 20% in activity, and the rental market in the U.S. continues to climb to new high levels of demand. How strong is housing in the U.S. as a whole? Consider this,
Analysts at Barclays cite the strength of the nation’s rental market in its bullish take on housing. At 209,000 units, multifamily starts doubled over the past two years, and permit activity continues to trend higher, suggesting that the upward trend in multifamily starts remains in place.
And there in lies the opportunity for investors to make money and for the U.S. housing market as a whole to regain a strong footing and return to what is considered a normal market.