A new Global Credit Perspectives by Mark Kiesel is available on pimco.com .
Key Points:
· An improving outlook for U.S. housing will be constructive for consumer spending, confidence and jobs.
· There are many ways to invest directly and indirectly in companies that should benefit from higher housing prices, a pickup in home repairs and remodeling, and residential investment spending.
· We continue to favor select investments in homebuilders, building materials, appliance manufacturers, lumber, home improvement, banks, title insurance, mortgage origination and servicing, and non-Agency mortgage-backed securities.
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