There's probably going to be a lot of "clunking around at the bottom" in the home construction statistics, perhaps going on for years, and the June report on housing starts from the Census Bureau is a good example of how optimists ( are there still housing optimists out there? ) are being set up for many months of repeated disappointment. It's one thing to reach a bottom, which may now be forming in both the construction and sales statistics (certainly not in the price statistics), but it's an entirely different thing to make a substantive move up from the bottom. read more ...
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