The housing recovery thesis picked up by some hedge funds gets more ammunition from the 19-month...

|By:, SA News Editor

The housing recovery thesis picked up by some hedge funds gets more ammunition from the 19-month high in pending home sales. Funds run by SAC Capital, Blackstone and others have been buying housing-related investments; Goldman Sachs and formerly bearish Ivy Zelman now point to pent-up demand and suggest a housing bottom is in sight.