Homebuilding in the U.S.: We’re Running Out Of Homes to Sell
Not terribly surprising that it occurred, but more how quickly we reached this point. With the relative shutdown in new home production since the crash, and only recent resurgence of homebuilding, the U.S. is fast approaching a “sold out” situation. Obviously, this has broad implications socially, but economically, there are clearly investment plays forming. Our sources tell us private equity is gearing up to depl0y some its dry powder, a lot of which has to find a home before 2014, in these plays.