January and February housing numbers were down, blamed primarily on bad weather across the country. A question on a lot of people's minds is, will the Vero Beach home improvement business suffer as a result of the slowdown in housing?
Digital Risk managing partner Jeff Taylor tells TheStreet's Joe Deaux the slowdown in the housing sector isn't solely attributable to the cold winter. The high count of cash-purchased homes suggests institutional buyers, not consumers, are the driving force in the sector for now. Taylor says regulations that prevent over-leveraged home-buying are keeping many consumers in the rental market. Rentals, though, are a driver for Vero Beach home improvement retailers, who Taylor says won't suffer.
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