HousingStarts.8.13.10HousingStarts.8.17.10
Several articles that I thought may help get a picture of the housing market in the United States. We were building approximately 1 million housing units a year in this country since 1959. See the attached report from the US Census Bureau/Department of CommerceHousingStarts.Since1959
HOUSING STARTS: is the number of privately owned new houses (technically housing units) on which construction has been started in a given period. This data is divided into three types: single-family houses, townhouses or small condos, and apartment buildings with five or more units. Each apartment is considered a single start. The construction of a 30 unit apartment building is counted as 30 housing starts.

We haven’t seen the starts this low since 1959. Keep an eye on the pendulum.

Source: Bloomberg, US Census Bureau, Department of Commerce, Wells Fargo Securities