Merrill and Goldman on Housing

A few excerpts from two research pieces on housing. From Merrill Lynch: Housing: something for everyone What comes next? [W]e are making some tweaks to the housing forecast. Housing starts are likely to edge down this year to 1.24mn but recover next year. Existing home sales should also come in lower this year at 5.30 million and hold around this pace in 2020. The story for new home sales is a bit better with 650k this year and 660k next. In other words, further sideways motion for housing activity, leaving it a benign factor for the overall economy. From Goldman Sachs: Can Lower Rates Still......(read more)

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