Housing Recovery Not Expected Until Mid-2010

June 2009
Las Vegas Business Press (10712186);6/1/2009, Vol. 26 Issue 22, p7
The article focuses on the claim of the Portland Cement Association (PCA) that housing starts activity will not recovery until a significant reduction in inventory is achieved. Despite the estimated reset of tradition sub-prime mortgages in mid-2009, the association claimed that exotic mortgages will experience an increase in resets from mid-2009 to mid-2010. According to PCS Chief Economist Ed Sullivan, improvements in housing starts will not be significant until 2011.


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