"New construction of U.S. houses rose 9.3% in November to a seasonally adjusted annual rate of 685,000 - the highest annual rate since April 2010"
What a coincidence that today the US has just announced:
* EXISTING U.S. HOME SALES REVISED DOWN BY 14% FROM 2007-2010
* EXISTING HOME SALES REVISED DOWN BY 15% IN 2010 TO 4.19 MLN
You've gotta wonder how true any of the stats are for both the US and Aus
massive housing shortage- new govt report, page-32
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