Housing’s Boost: Time to Stop Blaming Weather? – Developments – WSJ

Housing’s Boost: Time to Stop Blaming Weather? – Developments – WSJ.

Why are journalists innumerate? The large percentage increases the writer is getting excited about are derived from such a low base that we are merely looking at noise. On the plus side, the data is certainly no longer getting worse, so it looks like we have hit the bottom. If these increases in activity propagate more increases, then we have a self-sustaining recovery in housing.

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s