Housing Starts increase in November + Multi-family Starts and Completions, Record Low Total Completions in 2011

[mEDITate-OR:
be absolutely blinded by the optimism...
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to the fact that last year, the lowest on record, was less than one third of the starts in 2006
and
this year, a newer record low, was less than half of the starts in 2008.
and barely one1/4th the starts in ought-6.
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CR tell U.S. the Truth:
Single family starts are still mostly "moving sideways".
and at an incredibly LOW level.
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And, now, control of your TV set will be returned to you...
as you try to return from "The Twilight Zone"
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This shows the huge collapse following the housing bubble, and that housing starts have been mostly moving sideways for about two years and a half years - with slight ups and downs due to the home buyer tax credit.

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The previous record low for multi-family completions was 127.1 thousand in 1993.

It will be close this year, however total completions will be at a record low

- and the U.S. will add the fewest net housing units to the housing stock since the Census Bureau started tracking completions in the '60s.

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Housing Starts increase in November
http://www.calculatedriskblog.com/2011/12/housing-starts-increase-in-november.html
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Multi-family Starts and Completions, Record Low Total Completions in 2011
http://www.calculatedriskblog.com/2011/12/multi-family-starts-and-completions.html
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