Housing has been one of the weak points of the current economic recovery in the USA. Private residential investment has averaged just 2.5% of GDP during the recovery while its historical average is almost double that. But there’s been a bit of a stealth price boom in housing. According to the latest CoreLogic Housing Index the US housing market is just 7.5% from reaching an all-time high. The latest year over year growth rate of 6.5% would put us at new all-time highs by the end of 2016. It’s almost like the housing crisis never happened!