A Housing Bottom… yet?

Tim Ianaco from TheMessThatGreenspanMade.blogspot.com points out that the Commerce Department reported a 14.3 percent plunge in housing starts, a new 10 year low, demonstrating once again how difficult it is to “call the bottom”.

Construction is down, far below expectations, similar to August 1997 levels.

“It’s easy to call the bottom – it’s just hard to get it right.”

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