[Tulane]

I am an attorney and I represent multifamily residential developers (apartment communities). This is no indication of a strengthening national economy. The starts are mainly in Texas, and it is in cities like Houston and Dallas that are growing in jobs - and for the first time in decades - are short on product due to almost 3 years of no development. These deals have been in the pipeline for at least 2 years.

The rest of the country is stagnant.

[11th Commandment]

Agreed, don't confuse pent up demand with economic recovery. Many CEO’s made thsi mistake in early 2010 and over invested in inventory.

[dblshot]

I was going to say the same thing with a comment on all the blue state jobless moving to red states to go to work,