| How far is the U.S. housing market from a full recovery? Pretty darn far: “House prices would need to increase by at least 14%, real residential investment would need to increase by at least 50%, and housing starts would need to grow by at least 80% from current levels to restore long-run equilibrium,” according to a new report from the Carlyle Group.
Even so, the private equity giant is still sanguine about the housing market’s recovery...............................................Full Article: Source |