More on Housing Starts: Up 25% Y/Y, we're just getting started, writes Bill McBride, noting this...

|By:, SA News Editor

More on Housing Starts: Up 25% Y/Y, we're just getting started, writes Bill McBride, noting this year's total of about 770K is less than half the average from 1959-2000. Last time McBride checked, residential investment and housing starts are the best leading indicators for the economy, and their improvement suggests no recession for the next couple of years.