financial argument

One mistake your chart is not accounting for is currency inflation, we are not in the top yet, but we are very, very close, maybe another artificial jump on price increase before total collapse

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US Housing Starts Crashed In December

ZeroHedge

After surging in November, housing starts and permits were expected to relapse in December following shutdown-delayed dismal data from the US housing market.

However, collapse was more appropriate than relapse as Housing Starts crashed 11.2% MoM in December (against expectations of a .1% drop). Building Permits managed a modest 0.3% MoM gain however (better than expected).

Year-over-year, housing starts tumbled 10.9% – the biggest drop since March 2011…

Single family housing permits plunged -10.5% Y/Y to 758K, lowest since August 2016, but rental units soared…

Multi-family home permits plunge 15.9% Y/Y, to 302K, lowest since February 2015

But apart from that, the US housing market is awesome – just look at the stocks to tell you.

https://www.zerohedge.com/news/2019-02-26/us-housing-starts-crashed-december

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