Charts courtesy of John Williams at Shadowstats.
The first chart shows US Housing Starts since the year 2000.
The second chart shows US Housing Starts since 1945.
"Go now, write it on a tablet for them,
inscribe it on a scroll,
so that in the days to come
it may be a witness to them, for ever and ever.
For these are a rebellious people, deceitful children,
unwilling to listen to the instructions of the Lord.
They say to their seers,
‘Do not see!’
and to the prophets,
‘Say nothing of what is right!
Tell us only things that please us,
prophesy illusions."
Isaiah 30:8-10