Could housing come back with a vengeance?

Due to the extremely low production of new housing units in the U.S., for the last couple of years it's not been keeping up with implied demand as the result of new households forming. For now, those new potential households are back home living with family, doubling up with roommates or staying in college to get that Masters Degree. But eventually as the economy rebounds, so to will the need for new housing. In the following video interview, Morningstar's resident expert Eric Landy explains why: