[1]The blue line is conventional, single-family housing starts and/or permits.
The red line is "New Normal", "Blackstone is America's landlord [4]" multi-family (i.e. rental) housing starts and/or permits.
Go.
[5]
[6]
Hint:
[7]
- advertisements -
Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/8364
[3] http://www.zerohedge.com/taxonomy_vtn/term/11402
[4] http://www.zerohedge.com/news/2013-12-20/meet-wall-street-your-new-landlord
[5] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/05/Housing%20Starts%20LT.jpg
[6] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/05/Housing%20Permits%20LT.jpg
[7] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/05/Multi%20Fam%20YoY.jpg