Tag Archives: Bill Dudley

Although housing starts are not keeping up with the rate of population growth, the fundamentals for housing demand are positive, according to New York Fed President Bill Dudley.

“Housing prices are rising and the constraint on growth in residential investment now appears to be more on the supply side, as building contractors struggle to mobilize the resources needed to construct more homes,” Dudley said. "The National Association of Home Builders’ index rose in October to the highest level since late 2005. While the housing indicators will likely continue to be volatile on a month-to-month basis, I expect the gradual improvement in the housing sector to continue.”