On September 12, 2016, we assessed the real estate market.
In this assessment, we track the Housing Starts of New Privately Owned Housing Units. At the time of the September 12, 2016 review, we said the following:
“The latest trend from September 2015 to the present appears to show topping out action as the Housing Starts data seems to be running out of steam. Additionally, the dotted red line in the chart shows the Dow Theory halfway point at which either the market booms higher or stalls & stutters before declining substantially, relative to the most recent rise.”
So far, the data has fallen in alignment with our claim of topping out action, as seen in the chart below.
The December 9, 2010 article titled “Real Estate: The Verdict is In” references our assessment that the decline in housing was over.