Cherry Picking Housing Data

I believe the worst of the housing crisis is behind us and and am now a housing bull.  I look for data to support my opinion (and am skeptical of data that doesn't!).  I saw this stat this morning on the indispensable Calculated Risk website.  Housing completions in 2011 were the lowest since record keeping began in 1959.  Here is the quote:

Single family starts were down 9% in 2011 to 428,600. This is the lowest level of single family starts since the Census Bureau started tracking starts in 1959!

The entire post is worth reading.  Low supply is good for prices.