Gundlach's outlook: Housing to be weaker than most hope

One of the more remarkable charts in his slide deck, says Jeff Gundlach in a presentation titled "Penny For Your Thoughts, is a graph (slide 36) of the homebuilding stocks vs. the price of lumber. The homebuilders are hanging in there even as the lumber tumbles sharply.

While making it clear, he's not expecting any sort of housing collapse, Gundlach expects home prices to stop going up and the demand for homes to be quite a bit less than what many are expecting.



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