Merrill Lynch Reduces Housing Forecast for 2014

From Michelle Meyer at Merrill Lynch: Will April showers bring May flowers? We have all been waiting for the weather to unleash stronger economic activity, particularly for the housing market. However, the housing data so far have been less than encouraging. We think it will be challenging to realize average housing starts of 1.1 million this year and are therefore trimming our forecast to 1.03 million.

via Calculated Risk: Merrill Lynch Reduces Housing Forecast for 2014.

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