GREY:ANSBF - Post by User
Comment by
KevinKTon Apr 02, 2013 1:29am
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Post# 21196147
RE: Upgrade lo
RE: Upgrade lo IS the US housing market on the upswing or is it about to settle down?
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See WFT presentation on Jan 24, 2013, https://www.westfraser.com/sites/default/files/presentations/pdfs/CIBC-Whistler-Institutional-Investor-Conference-January-24-2013.pdf
slide 10 which gives a US Housing Demand chart. It plunged in 2007-2009, and slowly recover in 2010-2011. The estimate for 2012 is higher at about 0.8M units, but still very much below the average for the last 20 years. If we go back to the average for the last 20 years which is 1.6M units, we still have 4 more years of housing demand growth.