Wednesday, January 28, 2009

We're Nowhere Near A Bottom In Housing

Click for a larger image

Consider the following chart from the latest CBO Congressional testimony:

Posted by Hale Stewart at 1/28/2009 01:19:00 PM

1 comment:

Neon Vincent said...

The graphic says "Anyone think we build way too many houses to get us out of the last recession?"

Yes. As much as I dislike being seen to agree with him, so does James Howard Kunstler, author of "The Long Emergency" and "The Geography of Nowhere." Of course, he hates suburbia and sprawl, but he's been making this point for years.

January 29, 2009 at 8:55 PM

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