Barry Ritholtz on the ghosts haunting the zombified US housing market
Welcome to Capital Account. New home construction in the US fell in July, according to a report by the Commerce Department. It's another reminder of weakness in the housing market, despite recent signs of recovery. One person who isn't surprised by the news is Barry Ritholtz, author of 'Bailout Nation,' who argues that the 'zombified' US housing market still has a long way to go before it returns to life.