New housing starts rebound! Are you kidding me?

New housing starts rebound...like hell they do.

Okay, I'll admit it, I'm a junkie. I'm hooked on digging out the obvious from the crap that is slung to us. So, the headline reads New housing starts rebound.

That's just dandy isn't it? Well it would be if it wasn't a pack of not so truths.

Were I a builder and I'm not, and I don't play one on TV, I would tell you where the next boom is going to be. It's going to be in mulit-family dwellings.

It doesn't take a rocket scientist to figure out with all the single families standing on the precipice of being tossed out on the street, the demand for apartments is going to sky rocket.

Carpet baggers? You bet. Why not? My old Irish Pop used to say "find a need and fill it", "look for the hook and pull it". He was right.

The population is exploding. Housing 'repos' are exploding. People are running not walking away from homes they bought when they were way over their heads.

Is the 'new housing starts rebound' an acurate assessment of the economic climate? I think not. I do however think it's an acurate assessment of where the next wave of money is to be made in construction. I wish I had enough money to build quick low cost housing. I'd be all over that one like white on rice.

Is this news meant to sqew people's preception? Probably. Will those that are savvy turn this into 'good economic news' probably not.

G-d bless the slum lord...