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Housing: Another Day, Another WSJ Bottom Call

Posted on May 07, 2008

Brett Arends at the WSJ asks: Is Housing Slump at a Bottom? [The following chart] from Wellesley College Prof. Karl E. Case, one of the leading experts on the housing market in the country. And it suggests we may be at, or near, the bottom of the housing crash. ... new housing starts have at last slumped below the seemingly magical one million mark. That happened in March. Every time that has happened in the last 50 years, it proved to be the bottom of a recession. It is really remarkable how much where we are today looks like the bottom we've had in the last three cycles, Mr. Case says. Eve...

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housing , housing crash , new home sales , supply side