Source NAHB, Census, J.P. MorganPrivate Bank Data as of Sept 2012.
3. The housing market is transforming. The housing bust has led to a drop in homeownership, particularly for
young ... Source: Census, J.P. MorganPrivate Bank. Data as of Q2 2012.
...as a new renter population raises multifamily demand
Housing starts, 000s of housing units, 3m-avg (both axes ... Source: Census, Haver, J.P. MorganPrivate Bank Data as ofJuly 2012
4. Inventories are falling. The stock of vacant homes that are "ready for sale" has fallen sharply in recent quarters