Zelman's one of the best housing analysts on the planet. It really does appear that housing is close to a bottom, but prices may stay muted for several years. I often compare housing to a supertanker - it takes a long time to change direction, but when it does, it stays changed for a while! [Disclaimer: I own XHB, the homebuilder's ETF]
"It's been six long years and believe the fundamentals are now at that inflection point that we have confidence that it is really starting to come to fruition and we're excited about it"
"It's been six long years and believe the fundamentals are now at that inflection point that we have confidence that it is really starting to come to fruition and we're excited about it"
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