Happy Days Are Here Again — More Bubble Activity!

According to the Associated Press, May’s 17.2 percent jump in the construction of new homes and apartments is an “encouraging sign.” At a time when the housing glut is all over the news, with unsellable homes everywhere and some writers even calling for the outright demolition of some of the excess homes, it’s an “encouraging sign” that we’re building more?

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8:22 am on June 16, 2009