mark for the month of March 2012 in Massachusetts. This is the 11st straight month in a row that PHS have gone up. This is an incredible 38% over 2011. 3256 in 2011 vs 4519 homes in 2012. The data keeps showing the real estate market recovery from its lows. Days on market are decreasing every month. Inventory is decreasing and in some towns showing a shortage.
The real estate market is recovering and becoming healthy. We need new construction to lead us out of the abyss. New home values increase existing home' s prices. We need 1.7 million units of housing to keep up with our demographics. We have averaged 350,000 for the last five years. You do the math and tell me about the pent up demand.