housing statrs in the united states - from MSNBC , 18 march 2008 :
Quote:Compared to a year ago, housing starts were down 28.4 percent. But for single-family homes, starts were off 40.5 percent from a year ago - the largest year-over-year drop since January 1991 when they fell by 45.1 percent.
and from BUSINESSWEEK october 2007 :
it looks like it will be quite some time before canadian lumber operators will be operating anywhere near capacity - even more layoffs are likely to happen .
and a/t some business people being interviewed on CNBC this morning , it will be 2010 before they expect business to pick up again .
some luxury goods store owners said that they'll be selling off most of their inventory before re-ordering !
i think it'll be a long wait - and very unpleasant one - for many people (notice the food riots that are starting to break out in some countries ?) .
wish i had better and happier news on this subject .
hbg