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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (18086)4/11/2002 5:14:21 PM
From: elmatador  Read Replies (1) of 74559
 
Why housing "starts" are used as gauge of US economic activity.

I can recall 20 years ago when I first started reading Business Week, this entity called housing starts as a indication of economic activity in the US.

It started puzzling me. I knew defense was big. Oil was big. Airtravel, aviation, telecoms and electronics. But there was all the time this piece of evidence that I couldn't make sense of it.

But the fact is that when the interested parties were looking to that figure, it hasn't much to with houses springing up in very place. It had to do with money related to houses. Mortgages to fuel consumerism.

I looked to the tables, in a book publicized in the seventies and it is there. Using mortgages to fuel consumer is as old as 1961, the first year the table displays.
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