US housing to rebound stronger than expected

Seeking Alpha:  Housing To Rebound Stronger Than Expected (click for actual article)
A rather long writeup published in SeekingAlpha regarding US housing.  Here my summary for your convenience.

1.  Based on population growth trends, we need more housing than current supply. 


2.  The slowdown is not from oversupply but from under demand which is result of lack of consumer confidence.


3.  Once consumer confidence comes back, we will see stronger than expected housing rebound.  The author has various graphs to show this including population growth trend, housing starts, decreasing vacancy rates etc...

Best,
Wei min 

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