«With the US
labor market recovery gaining momentum, the hope for stronger global growth in 2014 is motivating investors to take on risk,» said Kathy Lien, managing director of FX Strategy at BK Asset Management.
Although certainly an improvement from the depressed levels of 2009, until 1)
the labor market recovery gains any serious traction, 2) lending standards are less stringent and 3) the glut of distressed properties is worked off, gains in homebuilding activity will remain modest.
Not exact matches
However, conditions remain uneven, with strengthening
labor markets supporting solid price
gains in some member countries, notably Ireland, Spain and Germany, while other
markets, including France and Italy, continue to languish alongside a weaker economic
recovery.