Housing Starts Still Weak, Despite the Headlines

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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.