HomeLifestyleRetailInflation Is Persistent / Housing Market Recovery
Inflation Is Persistent / Housing Market Recovery

We are on the side that inflation is a persistent problem and it's not going to go away, says Michael Shaoul of Marketfield Asset Management. Home builders are determined to protect margin, he says. June home construction indicated a steady pick up in the supply of single family homes, he adds. Many units under construction represent the backlog rather than true availability, he explains. He thinks the homebuilders still look reasonably valued based on their future earnings potential.

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