The Rising Influence of Rising Affluence

[DewDiligence]

PCL—Apropos to Rick Holley’s comment in #msg-62419479, the below is from today’s Barron’s:

http://online.barrons.com/article/SB50001424052748703754104577237350310942574.html

With little room to get worse, U.S. home building is at last showing signs of life. New permits for housing—a gauge of the intention, but not the commitment, to build—hit 676,000 in January, 20% above the year-earlier level. Housing starts in January totaled 699,000, up 10%.