Housing starts fell 18.9 percent between October to November, to an annual rate of 625,000, according to US Department of Commerce.
That is the lowest annual rate since … I think I read, 1959.
Regardless of what you think will happen to the US economy and real estate market, you have to agree that the current level is not enough to support future growth of the United State population.
I read an article yesterday (the Times, I think) where an economist or someone said, “In normal times, flooding the market with $3 trillion (trillion) would create a huge inflationary spiral.”
Of course, we’re not in “normal times”, but you have to begin to worry, are we overdoing things, here?
Everything in moderation, no?