Yes, housing starts were up for the month, and somewhat higher than expected, but looking at the chart it sure looks to me like they’ve gone nearly flat with things like changes in the interest rate outlook causing some of the volatility. And on a population adjusted basis housing starts remain at about half of what they were in 2006:

The growth in industrial production in general has been diminishing over the last few cycles, and most recently headed south due to the tariffs, and remains in contraction year over year:

Total outstanding remains lower than it was 9 months ago: