MSM with hyperventilating headlines about housing starts, even though they declined. Even the guy at Calculated Risk is calling it a STRONG report. He is talking his book, as he has predicted a housing recovery for the last year and it simply is not happening. I deal with facts, not hope and storylines. Take a look at these charts and please show me the housing recovery. Housing starts are 70% below the 2006 peak. They are 50% lower than they were in freaking 1969!!!!! The population of the country in 1969 was 202 million. Today the population is 312 million. So we’ve got a 54% increase in the population and a 50% decline in housing starts since 1969. YEAH – that’s a housing recovery alright. The willfully ignorant public will not question the storyline of a housing recovery.