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BCA Insights

BCA Research’s mission is to shape the level of conviction with which our clients make investment decisions. One way we do this is by delivering forecasts and leading-edge analysis of all the major asset classes and economies. Gain insight into our independent global macro research through these complimentary reports

An Update On The US Housing Market

Recent US housing market data has signaled a potential turnaround in housing construction and new home sales. Permanent site residential structures investment may begin to contribute positively to US real GDP growth if the recent pickup in housing starts is sustained. Housing construction is set to rise because of an extremely low level of existing homes available for sale. Existing home inventories and sales are low because US households do not want to give up low-rate mortgages. This underscores that US monetary policy is currently restrictive, not easy.

The Bank Credit Analyst