“The housing market continues to improve in 2014—— but at a much slower pace than almost everyone expected.”
I certainly agree with this. My company gets it’s primary housing market through Ivy Zelman. She is, without a doubt, the best housing analyst in the country. She remains very bullish on long term housing given the demographics (Millennials). She has lowered her 14 forecast several times this year though but her underlying survey data (they survey builders, banks, building products companies, apartment owners, and more) is bullish. It’s only a matter of “when”. I’m going to her conference in DC I September for the 6th year out of the last 7 (had to miss last year as I had shoukder surgery the week before :-). Should be a great conference as usual.
Post me on the conference. I’d love to hear what you learn. I suspect that the RE issue is more of where, rather than when. When is inevitable, but state economics and local RE policy will determine the where.
Chicago is horribly anti-builder/owner.