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Can housing starts recover? Or is this the beginning of a cycle

New Privately-Owned Housing Units Started: Total Units (FRED:HOUST)  
coffeequant  
FRED:HOUST   New Privately-Owned Housing Units Started: Total Units
Chart Patterns Beyond Technical Analysis Trend Analysis SPDR S&P 500 ETF (SPY) housing channeltrend
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chartpattern beyondta trendanalysis spy housing channeltrend
Watching the housing starts for a recovery or continued downtrend.
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