Housing Has The Recession At Least 3 Years Off

Housing took center stage this past week. Housing starts, new and existing home sales, and Case-Shiller home prices gave us an idea of what the American housing market looks like. [REITs] Q2 hedge fund letters, conference, scoops etc Question: If you had to guess what stage of the business cycle the housing market says we’re at, what would you guess? The economy has been expanding for just over 9 years now. Perhaps this would indicate we’re close to peaking? Then again, the younger generation has been slow to take part in the housing expansion, so maybe we’re in the middle…