And yet we see reports that the home-ownership rate is at a 50-year low.
That said, we do hear that millennials prefer to rent and probably do not have enough money to buy a home anyway.
When I say the market is improving slowly, I mean this improvement has only begun to appear in the last couple of months.
And, of course, we hear that housing starts are at an 8 year high (which would take us back to 2007).
This uptick is tenuous at best. But the demand is strong and the supply is weak.
In general, the economy is solid (not strong, just solid) because Obama has held back growth. It would like to grow, but impediments like Obamacare and threats of a rise in minimum wage prevent that.
If we get a Republican President, it will take off.