Ok so here is my question...
on the face of this it looks like growth is an awesome thing.
and for the builder, the construction supplier, the transportation entity and all that support new construction these are good times.
but when the major growth is in the "multi unit housing" sector that tells me less people are building or buying their own homes and are now renting.
could the real estate tsunami caused from disastrous inflated prices and the banks that approved 100% loans on those upside down properties be heading for us?