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.” For more information, read our latest forex news.