Friday, January 21, 2011

Collapsed housing

The housing starts in the United States are not getting a fresh start. The decline that lasted through the recession was reversed only for a short while.

However, a close-up of the past couple of years in the time series suggest that the housing markets in the US are still in uncertain times. The sustained decline in the number of housing starts is reflective of a declining demand in housing, which would result in further decline in the price of housing assets.


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