This blog has already covered the fact that the U.S. housing market has fully recovered, and is now above previous highs from 8 years ago. Also, it’s been mentioned that conditions are different now, and while predicting the future is dangerous outside of parlour games, it seems unlikely that we’re in a bubble. Yesterday, Matt Phillips published an article on Quartz that not only confirms the previous reasoning about why we’re not in a bubble, but adds some analysis of lumber and wood employment, and the building industry in general, which seem to indicate there’s still room to run.
