Every financial crisis brings cries of more regulation. True in centuries past, true today. But more regulation isn’t always better regulation. And sometimes the knee-jerk reaction to do something, anything (if only to look politically astute) is a step backward.
Daily Archives: May 18, 2010
HOUSING STARTS RISE, BUT NEW BUILDING PERMITS FALL
The housing market has stabilized. In fact, it’s safe to say that it’s rebounding. After being hammered for three consecutive years through early 2009, the trend is again friendly in housing construction. But the number of new building permits issued fell sharply last month. Is the nascent recovery in housing starts destined to follow?