Vincent Reinhart Sees a Level Shift in U.S. Housing

The video discusses the volatility of economic data, particularly in the housing sector, which constitutes a significant portion of the GDP. It highlights the historical trends in housing, noting that new home starts and sales have not returned to pre-1990 levels. The discussion also covers demographic shifts and changing preferences affecting the housing market, such as an aging population and delayed home purchases by younger generations. These factors contribute to a slower recovery from the financial crisis and a shift in economic activity.

What does the speaker imply about the current growth rate of the US economy?

In what ways have demographic changes affected the housing market according to the text?