Maybe because it isn't being falsely propped up?
Housing starts and permits tumble in May - Real estate- msnbc.com:
WASHINGTON - Home construction plunged last month and building permits also fell, the latest signs that the construction industry won't fuel the economic recovery.
Builders are scaling back now that government incentives have expired. The biggest evidence of that trend: single-family homes tumbled 17 percent, the largest monthly drop since January 1991. The struggle in the housing industry is a concern for the broader economy because fewer homes mean fewer jobs across various sectors."
Wednesday, June 16, 2010
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