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Housing Starts Still Weak, Despite the Headlines

July 20, 2009

By Bill Conerly, Businomics, Conerly Consulting LLC

These guys who write newspaper headlines are getting me down.  Here’s the Wall Street Journal’s online head:  “Housing Starts Jumped in June.”   Bloomberg proclaims: “Housing Starts in U.S. Unexpectedly Climb to Highest Level in Seven Months”  The Christian Science Monitor says:”US home construction recovering.  With that preparation, take a look at the latest data:

Wow!  Isn’t that a real jump, a real recovery.  Ho hum.

  
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John July 20, 2009

While not what most of us would call a recovery, hopefully it is a start in the recovery mode.

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