doubts rise around uplift in housing construct, page-2

obviously you have trouble with numbers.

2 of the "completed" cycles went to nearly 4% overall cycle cuts.

Your own graph shows we are just into the cutting cycle - more to come 2013.

There are 3 points to observe

1. Delayed reaction due to big ticket purchase
2. Uptick in your last chart
3. Building related stocks moving strongly last 2 months

and if you understand the markets, stocks are a leading indicator.

Lets see what it looks like mid 2013.

Much too early for your headline "claim"