Housing Starts and Completions
What a day it's been. Early this morning, all the knucklehead business writers were reporting housing starts and completions UP, which is completely wrong, for reasons I outlined in an article on the main page. (Short story: the numbers didn't take into account the error, and they were comparing month to month, which is bogus.)
So, I made some charts -- which, alas, we can't publish on our front page -- to show the real state of things. (I didn't incorporate error into these, as I don't have time to redo all the data...) This is simply an excel chart made straign from Census Bureau data.
First, Housing Completions.