My friends at FT Alphaville have a post up highlighting three factors that augur well for the US stock market courtesy of a Citigroup research report. One of those factors is that housing may become less of a drag in 2012. Here’s that bit before I send you over for the whole thing…
Positive changes in the US housing sector, which has been a major drag on GDP trends for some time, could have a positive impact on equities. The US excess housing stock will essentially be depleted by the middle of 2012, and while there will still be foreclosures, those units may end up being rentals to the people living there now, Citi predicted.