Housing Permits Are Good at Predicting Recessions (Yale's Robert Shiller on Daily Ticker)

On Daily Ticker on 10/28/2013, Yale's Robert Shiller said we are due for another recession (it's been 6 years), and that housing permits are a good leading indicator of recessions. I added a chart of housing permits (building permits) after the video. Did permits just peak out at 1,000 units?

direct link to chart

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