Thursday, September 30, 2010

The Real Estate Recovery

One of the things that I've been watching recently is the real estate recovery. Unless I'm mistaken, it looks like the real estate recovery hasn't quite happened exactly yet.

Below is a graph of housing starts, showing that the recovery is far from underway. Although it looks like it might have bottomed somewhat, (it's no longer falling off a cliff) it looks like it might be quite some time before it recovers to the levels that it was at the peak in 2006.


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