Pent-Up Housing Demand

The average annual housing starts in the 90's is slighlty less than the average during the '80's. From 2000 to 2006 represented the rise and fall of the housing bubble. The national media is shouting about the recent increase in housing starts. Great news but if you have a penny and someone gave you another penny, your increase is 100% but you are still poor.

The point is that the lack of supply in new housing and the decrease in family formations signals a pent-up demand that will drive up housing prices quickly. When? I don't know but it will happen.