New housing data from the Census Bureau

[Midpack]

I get your point. Still, a higher savings rate means less current consumption, which usually has a deflationary impact, which is generally not a good thing.

To paraphrase St Augustine, Give us thrift, but do not give it to us yet?

I get your point, and I've long wondered what a "healthy" savings rate might be. Obviously 100% would kill an economy, and 0% or less is troublesome. Here's a chart including countries of varying fiscal health. And of course there's China which is much, much higher.