The U.S. housing market is starting a new 7-10 year upward cycle, supported by Housing Turnover and fueled by an economic recovery from the COVID-19 pandemic. Structural forces—technology, the accommodative role of the Fed, investor behavior—have created “The Brave New Housing Cycle” in which housing recessions are less frequent. However, the “dark side’ of “The Brave New Housing Cycle” can be harsh, but labor shortages are
a considerable risk mitigant.

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