An upturn in the US housing market will be essential to the country's wider economic recovery. Paul Tryon, co-manager of the Marlborough North American trust, explains why and how investors can profit.
When Stuart Miller – CEO of the third largest homebuilder in the US, Lennar – recently announced a sharp upturn in business it was welcome news for his shareholders. It was also welcome news on a broader level. An improvement in the housing market will play a central role in the US economic recovery and Miller said he saw a “very real” positive trend beginning to take shape. He is not alone: other industry figures and economists have also begun to forecast a strong Spring for the housing market. Recovery will not happen overnight of course. It could still take four years or so for pro...
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