Radio commentary, Febuary 21, 2009

[WBAI is still fundraising, so this ran on KPFA only.] Earlier this week, we learned that builders started construction on just 466,000 housing units in January (at a seasonally adjusted annual rate), and just 347,000 single-family houses. These are both down by more than 50% over the year, and at record lows by a considerable margin. And the earlier records—earlier than the recent collapse, that is—we set in the mid-1970s and early 1980s, when the U.S. population was 25–30% lower than it is now. The single-family figure is down by more than 80% from… Read More