Watch Out With Housing: Dissapointing Sales And Sandy Reveal Weak Recovery

An unexpected disappointment in housing data helped take down stock markets in early trading and proved that despite a nascent recovery, residential real estate markets are years away from health.  While part of the slowdown in new home sales can be attributed to destruction caused by Hurricane Sandy in the Northeast, the marked market reaction suggests investors may be overly exuberant regarding the strength of housing markets.  This may be playing out specifically in the home builders, w...