U.S. economic data was mildly negative on Tuesday, with a couple ofhousing reports showing the residential real estate market remains depressed, while consumer confidence slipped.
As goes residentialhousing, so goes the rest of the higher-value consumer goods market, investors hope after all, those new homes need to be decorated.
In recent years, SolarCity has moved beyond the residential rooftop market and is installing photovoltaic arrays on as many as 120, 000 units of military housing and has become the biggest installer of solar panels for Walmart stores.
In light of this lackluster investment performance, and in the aftermath of the recent housing-market collapse, why is there such rapt attention to the revival of the homebuilding industry and residential property markets?