User: simpletechnicals: ritholtz, cool charts and stats: Housing: Permits, Starts, Completions | The Big Picture
Housing: Permits, Starts, Completions | The Big Picture
The numbers do not show a housing recovery yet. permits way out weigh starts and starts way out weigh completions.
For the crowd who are still clinging to the RE recovery meme, have a gander at these charts. Note that there are more new permits than starts, and more new starts than completions:
Been Down So Long It Looks Like Up to Thee (Not Me)Click to enlarge:
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All charts via Ron Griess, The Chart Store
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