Housing starts up

Housing starts up - yeah right! According to builders it costs more to make a new house than you can sell it for. Also, there is a mountain of inventory of unsold excess inventory. Please add the fact that banks are unwilling to loan money, so customers must bring cash.

Don't believe the hype. People, we are going down. OK as more workers become unemployed that throws even more houses into foreclosure further lowering real estate prices. Building a new home in this down market is insane.