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Millennials At Fault For 'Disappointing' Yellen On Housing Recovery

TheStreet

More data on the housing front Thursday with housing starts figures due out at 8:30am ET. The latest data so far in housing has been showing improvements. Home builder sentiment is up, home sales for existing, new and pending are all showing upside. But not everyone is feeling good about therecovery. Federal Reserve Chair Janet Yellen says the housing market overall continues to be 'disappointing'. And some agree the market's recovery is slow like Jeff Taylor, managing partner at Digital Risk. Taylor says "the housing industry is still slow to recover relative to past recoveries." He also talks about what trends he sees in homeownership and one age group that is not doing its part to help the housing recovery. TheStreet's Susannah Lee reports from New York.