Detailed text transcripts for TV channel - MSNBC - 20131223:15:42:00
>> right now we're seeing that sales volumes and prices are getting closer to their normal levels. but construction is actually still lagging behind. even though we've seen an increase in new construction over the past few years, construction starts are still well below normal and the biggest concern is young people aren't getting back to work yet. that's very important because young adults age 25 to 34 are that key age group for housing demand. that's when they decide to form their own households and decide whether to rent or buy. >> what's normal? >> normal for them is that we see almost 80%...
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