Bridgewater Says Future Looks Bright For Housing

The U.S. housing market is expected to be supportive to the economy as a whole more so in the future than earlier during the recovery, a May 13 Bridgewater Associates strategy document reviewed by ValueWalk observed. The more supportive housing market is driven by several factors, some cyclical in nature, that should remain supportive despite the market having to ingest a record number of foreclosures recently. Bridgewater: Financial crisis negatively impacts household formation, but situation is changing In the wake of the financial crisis, single-family home construction lagged as bank foreclosures forced properties onto the market at temporarily depressed prices….