Housing Starts, Sales and Single Family Housing Employment – Click to enlarge Looks can be deceiving, especially when they are financial news headlines. The way the media is reporting this morning’s housing starts news, you would think that housing is booming. The headline number for total starts, seasonally adjusted and annualized (in other words total statistical BS) was reported at 1.09 million units. The consensus expectation was for 950,000. The headline writers went nuts on that. But the chart above provides some perspective. It shows the actual monthly numbers, not seasonally adjusted, along with lines showing the year to year...
http://wallstreetexaminer.com/2013/12/18/econ-chart-update-single-family-starts-outrun-sales-construction-employment-lags-multifamily-booms/
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