U.S. Housing Charts

September 22, 2012 – 7:59 am

Housing is not recovering and has another 20% decline in sight.  This is a perfect example of Mainstream Media reporting encouraging news when the facts just don’t support a housing recovery.  These charts tell the story:

That's such a huge number because the number of new housing starts and completions before the collapse was only about 1.5 million per year

 

And there is a clear inverse correlation between the rate of home-ownership and the percentage of 25-34 year olds living in their parents' homes (which is still skyrocketing)

 

...but those numbers don't take into account around 5 million delinquent mortgages and foreclosures that add to supply...

 

...and they also don't include all of the vacant units that aren't currently listed for sale

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