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You Won’t Believe What Today’s Housing Starts And The 1982 18% Mortgage Have In Common

I draw the charts. You draw the conclusions.
October Housing Starts By Year

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Starts Per Million of Population

Single Family Starts Per Million

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Multifamily Starts Per Million of Population
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But I do have a question. What hath the Fed wrought? Aside from destroying the finances and lives of millions of America’s elderly, while punishing thrift and rewarding rank speculation, has it also made any real chance of a housing recovery impossible in the process? Is it not time that we look at Fed policy through a moral prism that goes hand in hand with the question of effectiveness.

Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish, and was lead analyst for Sure Money Investor, of blessed memory. I developed David Stockman's Contra Corner for Mr. Stockman. I’ve had a wide variety of finance related jobs since 1972, including a stint on Wall Street in both sales, analytical, and trading capacities. Prior to starting the Wall Street Examiner I was a commercial real estate appraiser in Florida for 15 years. I was considered an expert in the analysis of failed properties that ended up in the hands of bank REO divisions, the FDIC, and the RTC. Remember those guys? I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. I'm not some Ivory Tower academic, Wall Street guy. My perspective comes from having my boots on the ground and in the trenches, as a real estate broker, mortgage broker, trader, account rep, and analyst. I've watched most of the games these Wall Street wiseguys play from right up close. I know the drill from my 55 years of paying attention. And I'm happy to share that experience with you, right here. 

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