Wednesday, July 20, 2011

US Housing starts still in historic lows

The latest figures for the US housing starts continue to portray a dismal picture. The housing starts are at historic lows in the US showing a collapse in demand for new housing units.

Many observers are looking at the short term gain in housing starts that shows a six month high in housing starts for June 2011. However, the long-term picture (see the graph below) suggests otherwise.

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