U.S. Housing Market Healing, but Taking a While: Meyer

Michelle Meyer from Bank of America Merrill Lynch discusses the current state of the American housing market, highlighting its stabilization and the challenges in achieving a full recovery. Key issues include reducing foreclosures, improving credit conditions, and addressing wage stagnation. The discussion also covers the tight mortgage environment and the impact of job security on housing affordability. Additionally, supply-side challenges in construction, such as labor shortages and high material costs, are examined.

Discuss the relationship between wage growth and housing market recovery.

What challenges are currently faced by home builders in the housing market?