Housing: Permits, Starts, Completions

For the crowd who are still clinging to the RE recovery meme, have a gander at these charts. Note that there are more new permits than starts, and more new starts than completions:

Been Down So Long It Looks Like Up to Thee (Not Me)

Click to enlarge:

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All charts via Ron Griess, The Chart Store

This post originally appeared at The Big Picture and is posted with permission.