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US housing sector: Scope for further recovery – Societe Generale

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 1, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Delhi) – Economists at Societe Generale, see room for further recovery in US housing sector and lists down the factors they think are responsible for that.

    Key Quotes

    • “First, credit conditions remain easy compared to the long term average.

    • Second, the recovery in US household incomes, underpinned by job creation, creates the confidence required to set up independent households. The latter should support US housing demand, but via rental markets.

    • Third, years of under-building have wiped out past excesses and even created a deficit in supply.

    • Combined, these factors bode well for housing and our economists expect a pick-up in residential investment.”

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