Friday, July 17, 2009

Yahoo quotes "This was the most positive housing report in ages"

so says a yahoo news report this morning. It seems that June housing starts are well off the 2009 lows, although yet back to where they were last summer.

Interestingly, last December I said that housing prices would keep falling until summer 2009, at which time housing construction would resume at more normal rates. I have stuck with the prediction, but have noted that the spring 2009 was quite mixed as to whether a summer rebound would happen.

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