Thu 22 Jan 2009
Housing starts take a tumble – shouldn’t that be good news?
Posted by Author under Housing
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Generally any kind of news can always be looked at in a positive or a negative way.
Currently we are in a regime where every news is bad. But please, somebody’s gotta help me out here: with housing inventory at record highs and weighing on the market, why exactly is a collapse in housing starts seen as a bad thing? Do you really want to add even more inventory to an already oversaturated market? Would the markets have risen today on news that housing starts doubled? Oh Lordy…
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