The Pause That Depresses

The following chart shows the average of new private housing units authorized by building permits and new privately owned housing units started.<br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2AFXyXf63BOt50KtzE0w-asLGEMWSPxpw1prTx0b9UwEop4Cs7Vc-hY_oUSmcgIW00VIntdBcAMagL-jtvCd6wDQ33iGU5kMNBGBkMv8Pm_FDWwPpPnGkzVAdI0hDjZmN7AplTnbwtK4/s1600/The+Pause+That+Depresses.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2AFXyXf63BOt50KtzE0w-asLGEMWSPxpw1prTx0b9UwEop4Cs7Vc-hY_oUSmcgIW00VIntdBcAMagL-jtvCd6wDQ33iGU5kMNBGBkMv8Pm_FDWwPpPnGkzVAdI0hDjZmN7AplTnbwtK4/s320/The+Pause+That+Depresses.jpg" /></a><br /><span style="font-size: x-small;">Click to enlarge.</span><br /><br />If cold weather is responsible for the exponential trend failure then, as seen in the chart, it sure has been cold over the past year.<br /><br /><b>Source Data:</b><br /><a href="http://research.stlouisfed.org/fred2/graph/?g=si2">St. Louis Fed: Custom Chart</a>

The Pause That Depresses

The following chart shows the average of new private housing units authorized by building permits and new privately owned housing units star...

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