Hedge funds run by Caxton Associates LP, SAC Capital Advisors LP, Avenue Capital and Blackstone Group LP have been buying housing-related investments, betting on a rebound. And formerly bearish research firm Zelman & Associates now predicts a housing pickup, as does Goldman Sachs Group Inc.
A bear:
"The smartest money in the world has been carried out on stretchers betting on a true recovery for housing," says Mark Hanson
The above quotes were channeled by the Calculated Risk blog
from a WSJ article. Faithful readers will remember that we
believe the market recovery for new construction of single family
housing is still a year away. We are heartened, however, by
this chart from CR. This is good news!
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