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Homebuilders lag in US real estate recovery

Demand for office, retail, apartment properties outpacing home buying

Published Wed, Dec 24, 2014 · 09:50 PM
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Los Angeles

INVESTORS who put their money in a fund devoted to real estate investment trusts (Reits) have racked up gains of 65 per cent, while investors in homebuilder stocks still haven't recovered from the housing crash even after the US economic rebound.

The gap will probably endure for years as US job growth spurs demand for office, retail and apartment properties faster than Americans can buy new houses.

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