Bubble Wrap

Remeber, that's an orderly and moderate correction

The WSJ’s RealEstateJournal covers Commerce Department housing starts in Softer Housing Sector Is Seen, But Data Don’t Point to Collapse

May’s rebound in housing starts may be a temporary pause in a downward trend, economists say. Builders are responding to widespread expectations that the housing boom is ending.

The faster pace of new-home building in May is confirmation that the housing market is experiencing what Federal Reserve Chairman Ben Bernanke recently described as an “orderly and moderate” correction following last year’s peak. That bodes well for the economy, though analysts anticipate more weakness in the housing market during the rest of the year.