citigroup 花旗：宏观经济快评

01.22 14页 pdf

Economics U.S. Housing Macro; Leading Indicators Rising, Laggards Still To Fall

SUMMARY
➤ Unsold home inventories should fall sharply this year as the pace of new construction plummeted in 2006, while demand fell half as much. Housing's drag on growth should get smaller as 2007 transpires. Leading indicators such as building permits should rise over much of 2007, but average lower levels than 2006. A small positive growth contribution for housing in 2008 is likely