Fun Housing Factoid of the Day

Housing should soon become a plus for the economy.

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This from First Trust Advisers:

However, the stage is now set for a major turnaround in home building that will begin late this year and contribute substantially to the economy in 2010-11. Once the excess inventory is worked off completely, population growth and knock-downs will require about 1.6 million starts per year, which is more than triple the current rate. In other words, starts must climb 200% in the next few years just to get back to normal!