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Posted in Fast Facts, Lee's Free Thinking

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.

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