Now that the first half of 2010 is behind us, it appears safe to make two observations about the latest trends in the residential construction sector: First, we're finally-past the cyclical bottom in housing starts, construction spending, and most of the activity indicators for residential real estate. Second, we're only a few months into what will be a long and painfully slow recovery. So while things are not likely to get any worse in the near-term, it will be at least another year or two before activity in residential construction returns to anywhere near a healthy level.
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