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More on Housing Starts: Up 25% Y/Y, we're just getting started, writes Bill McBride, noting this year's total of about 770K is less than half the average from 1959-2000. Last time McBride checked, residential investment and housing starts are the best leading indicators for the economy, and their improvement suggests no recession for the next couple of years.

More on Housing Starts: Up 25% Y/Y, we're just getting started, writes Bill McBride, noting this year's total of about 770K is less than half the average from 1959-2000. Last time McBride checked, residential investment and housing starts are the best leading indicators for the economy, and their improvement suggests no recession for the next couple of years. 2 comments!

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