5/26/2010

For a brief period last year, it seemed as though the U.S. housing market was headed into a sluggish but sustainable recovery, according to The Economist. Since then, except for a brief spike triggered by an expiring tax credit, the signs have turned negative, with builder sentiment and construction activity weakening. Four years after the housing crisis began, a meaningful recovery "remains just out of reach," The Economist concludes.

Related Summaries