If it slows, it is slowing from an elevated pace.

Winter months tend to be slower. We really have to wait until spring and summer ? the peak of the housing market ? to see if this was a seasonal effect or if it really is some moderation in housing activity.

It's based on economics and demographics. The people of that area demand more health services. They demand more education jobs.

The outsized decline in starts in November is a bit confusing given the steady and elevated pace of permitting over the last several months.

You'll see that when the tides slow down, everything slows down.

I've never seen anybody get intoxicated from them. If anything, it slows people's consumption down.