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More on Housing Starts (the bear case): 872K in starts doesn't even reach the level of the...

More on Housing Starts (the bear case): 872K in starts doesn't even reach the level of the bottoms of previous cycles. Dow Jones' Kathleen Madigan points out the historical average is about 1.5M/month. (previous)
Comments (2)
  • The Housing Starts to Total Nonfarm payroll employment ratio is now
    .65%...the average for the 1990's was 1.17%... the low for the 1990's was January 1991 at .73%...The 30 year mortgage rate in
    January 1991 was 9.64%...today's 30 year mortgage is 3.7%

     

    The range in the 1990's was .73% to 1.4%
    17 Oct 2012, 09:06 AM Reply Like
  • Isn't that the bull case?
    17 Oct 2012, 09:14 AM Reply Like
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