Recovery?

For the last couple of days, the headlines have screamed that housing starts are up nationwide (Not here in Utah though. See my 15 May entry "Owee!".). You would think that means things are turning around, but headlines a great deceivers. If you actually read the articles, you find that single-family is still slumping. It's multi-family that's showing gains. In other words, investors and developers are betting that a substantial chunk of the population has now been squeezed back out of the single-family market and will remain out for a long time. If that looks like recovery to you....