As long as we have an overhang of unsold properties on the market, housing start will continue to fall and should continue to fall.  All of my buyers are looking for bargains and I can show a lot of inventory of Vacant homes.  I have a list of Vacant Homes for Sale.  Buyers are looking for bargains and there are many out currently available.  When you can buy a home for significantly under the cost of building one, the smart customer buys at a discount.  When there are so many discounts, why build a new home.  It is basic economics.  Buy at a discount.  When the discounts disappear as they most certainly will, new home construction will start to pick up again.