Housing Starts: Recovery Yet?
Monday, we looked at the home building sentiment indicator, which came in abysmal. Yesterday, we received the home building starts for the month of August. They reinforce that the depression has remained intact despite record new low mortgage rates month after month.
The long term chart going back to the 1940's (when our population was much smaller in size).
The long term chart going back to the 1940's (when our population was much smaller in size).
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