[quote=DWCAP]
What he means is that with more American households in the future, more new houses will be needed for them to live in. Therefore, long term, new housing is bullish.
[/quote]
Then bullish would make sense. But what he said was
[quote=outtamojo]
Lack of building and less than trend household formation are bullish for prices in the far out future.[/quote]
“less than trend” sounds like he’s saying that household formation is going down. Which I think is probably true. I’m shorting whatever he’s buying.
