LOS ANGELES, April 25 Home ownership rates in
the United States will likely fall to levels last seen in the
1980s as baby boomers retire and millenials continue to wait to
form households, Jeffrey Gundlach, portfolio manager of the $32
billion DoubleLine Total Return fund, said Friday at the Bel Air
Advisors Next Generation Conference in Los Angeles.
"I recommend that you short the homebuilder ETF," Gundlach
told the conference of high-net worth individuals and their
representatives. He didn't name a specific exchange traded fund.
(Reporting by David Randall; Editing by Meredith Mazzilli)