an tSionna {Housing}

From Chart of the Day.com:

"For some perspective on the all-important US real estate market, today's chart illustrates the inflation-adjusted median price of a single-family home in the United States over the past 44 years. There are a few points of interest. Not only did housing prices increase at a rapid rate from 1991 to 2005, the rate at which housing prices increased -- increased. All those gains and then some were given back during the following 6.5 years. Over the past two years, however, the median price of a single-family home has trended significantly higher. More recently, the inflation-adjusted price of the median single-family home has declined and is now testing support of its two-year upward sloping trend channel."

My comment:  I think it is possible that new housing starts may finally top one million new units this year.  Housing is a huge economic multiplier and has the potential to be a major tailwind for growth in the next few years. 

Link:  Chart of the Day:  Housing.