Hickey and Walters (Bespoke) submit:
No matter how you look at it, housing starts in the US remain stuck near record low levels. This morning’s release of the monthly number showed that there were 575K starts during the month of February on a seasonally adjusted annualized rate (SAAR). While this figure is up 20% from the lows in April of 2009, it is still down 75% from the recent peak we saw in January 2006.
click to enlarge