Any Housing Starts Are Bad News By Jim Cramer About this article: We're breaking ground on fewer than 800,000 homes, the fewest since 1959, and all I can say is that it is 800,000 homes too many. There's nowhere to put them. It is uneconomic to build a home in this country. Any part of the country. If there were any rationality to the system, the credit lines to Lennar and Centex and Horton and Pulte and Hovnanian and Standard Pacific should have been pulled and the endless putting up of new homes stopped. (I am exempting Toll and KB Home because they have the best balance sheets.) But the banks can't take the hit, as these loans are still current, and the homebuilders can't take the write-offs on top of the ones they have already taken endlessly, so we get more homes than we need. We add that to the foreclosed home... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200. More Stories From RealMoney Durable Goods Up Move Down the Tech Food Chain Jobless Claims Still High Bulls' Tenacity Is the Big Question Mark Should You Buy It? Pharmaceutical Product Development Bad News Trumps All Support for Banks Holds, For Now Bummer, Yields Are on the Rise Money on the Line Makes a Big Difference Structured Products: Unsafe at Any Price MORE STORIES FROM REALMONEY

If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.

Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.

If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.

TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.

© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.