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We have been bullish on U.S. housing since October 2018. We caught considerable flak for that contrarian call at the time. But history shows that it was right on the money. Incidentally, we still have a positive outlook on the U.S. housing complex for the rest of 2019.
That said, Hedgeye Housing analyst Josh Steiner explains in the video above that there are some ‘thunder clouds on the horizon’ stemming from falling home prices in some key metro areas and declining foreign demand.
Particularly on the west coast, in places like Seattle, San Francisco, Portland