These guys say we need a more robust economy to support growth in the housing market, and Mr. Pulte says that the happy news in housing is due more to inventory shortages than demand recovery.
The national talking heads will probably be using the word ‘plateau’ until winter when they can blame the weather for something:
http://www.cnbc.com/2015/10/26/housing-recovery-is-still-on-track-analyst.html
Sood said that new home sales have been running a little hotter than most people expected. As a result, Monday’s numbers show a bit of a reversal, yet the numbers are still up 18 percent year-to-date, he added.
He also pointed to single family homes as having more potential than multifamily homes. “The multifamily sector is in the ninth inning or so of this recovery. On the single family side, on the other hand, there is still a ways to go.”