The decline of “doubling up”
By Luke Kawa | BloombergBusiness
Ask economists to name a sector in the U.S. economy with the most structural and cyclical tailwinds, and you’ll likely get this answer: housing.
Residential investment has been a laggard throughout the recovery, though it is typically on the leading edge of economic rebounds—a testament to the 100 years’ storm that was the great financial crisis and housing’s role in precipitating it.
A resurgence in U.S. housing starts—which are running at about half of their (admittedly unjustifiable and unsustainable) prerecession peak—is more a matter of when, not if.
