-- Data might be showing encouraging signs in the near term but long term outlook for the housing is still very fuzzy.
-- Why he thinks that way: In general the interest in home ownership has gone down and rentals have gone up. New housing construction data is more skewed towards increase in multi-family homes rather than single-family residential properties.
-- We are almost 40% down on housing prices since it peaked. But actually that has put in the normal range.
Credit and source: www.bloomberg.com, Bloomberg
Here is the video: