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« Purchasing Managers Show Stronger Manufacturing Sector | Main | Best Books in Economics »

May 01, 2007


Shane Milburn

As usual, excellent post on the housing market. Thanks for the perspective. The litany of data seems to be pointing to greater and greater concern over time as I follow your posts.


"At that pace, we work off the excess inventory in only 7.5 years."

Thanks very much for your analysis. I knew it was bad, but 7.5 years is r-e-a-l-l-y bad. Guess I'll rent just a little bit longer (to the '60s tune "Stay (just a little bit longer)."

Dave Dugdale

Where did you get the vacancy rate charts?

Bill Conerly

Dave, I created the charts using data from the Census Bureau:

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