Brad Hunter, chief economist at Metrostudy, says better consumer confidence is starting to drive new household formation, which is bullish for housing and housing starts in the second half of 2014. He says housing will suffer a major setback once the Federal Reserve starts to raise interest rates. As for the immediate future, he says that “conversions” – customers who visit homebuilding sites and then actually buy a house instead of just looking – softened a bit in June after a strong showing in April and May. Hunter speaks with Bloomberg’s Kathleen Hays and Vonnie Quinn on Bloomberg Radio’s "The Hays Advantage" from the Pacific Coast builders conference in San Francisco.
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