U.S. homeownership dips, but household formation rises

We should see better numbers in terms of home sales, housing starts and spending around housing than we are now," said Steve Blitz, chief economist at ITG Investment Research in New York.After a lackluster performance in the past year, housing is expected take the baton from weak business investment - especially energy-related capital expenditure - and together with consumer spending drive the economy in 2015. With many Americans still showing an aversion to homeownership, the gains in household