Housing Starts at 50-Year Low

May 21, 2009

Housing Starts at 50-Year Low!

 

Housing starts fell 12.8%, to their lowest levels since records have been kept(1959!) Housing starts are nearly 80% below the January, 2006 high. Note: the housing boom peaked in 2005. The economy may be at a bottom with related to housing starts. This does not mean prices have yet to reach bottom, but it is an interesting sign.

 

RJC

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