The Housing Bottom and Comparing Housing Recoveries

In early 2012 I wrote The Housing Bottom is Here and Housing: The Two Bottoms , I pointed out there are usually two bottoms for housing: the first for new home sales, housing starts and residential investment, and the second bottom is for house prices. For the bottom in activity, I presented a graph of Single family housing starts, New Home Sales, and Residential Investment (RI) as a percent of GDP. When I posted that graph, the bottom wasn't obvious to everyone. Here is an update to that graph. Click on graph for larger image. The arrows point to some of the earlier peaks and troughs for......(read more)

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