The U.S. Housing Market's Tug-of-War
The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
By Mark McCormick
NEW YORK ( BBH FX Strategy) -- In the next few weeks we will get the last data reports on the U.S. housing sector for 2011.
Although the housing market has been improving inch by inch over the course of the year, the outlook for housing is likely to be tempered by still moderating prices and weak housing starts due to the excess inventory of distressed property.
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