[Wuli]

ALL housing is entirely a collective of thounsands of local housing markets, each with their own conditions that “national” statistical trends never entirely reflect and
because national statistics do not alone spell good or bad for each independent market, they should be ignored and the only government statitics reported should only be ones that are specific to a state, region in a state or locale.

The rest may be appreciated by nationwide bankers and such, statisticians and economists but not most people, who simply want to know what very specific housing markets are doing.

[buckalfa]

You are correct that all markets are local. In South Carolina the markets are flooded with foreclosures in the Upstate and Myrtle Beach areas. That would kind of put a damper on housing starts, especially since foreclosures depress market values, and the builders often cannot cover their costs.