Home construction slowdown may be good news for real estate

The housing bears ask: what’s to keep the soft landing in housing from morphing into a hard landing? Won’t a slowdown in sales and prices, they ask, curb housing-related industries and homeowners’ consumption, producing a retrenchment in the economy that leads to greater selling pressures in the housing sector? Let me try to answer the housing bears’ questions, although it may not be quite the response they would like to see.

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