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Re: DewDiligence post# 8383

Tuesday, 08/19/2014 10:56:38 AM

Tuesday, August 19, 2014 10:56:38 AM

Post# of 30503
(PCL)—US housing starts in July rose to an annualized rate of 1.09M units (seasonally adjusted):

http://online.wsj.com/articles/u-s-housing-starts-up-sharply-in-july-1408451622

US housing starts still have a long way to go to reach the 1.5M annualized units demographers think is a steady-state number based on projected household formation from organic population growth and immigration—see chart in #msg-101175278.

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