Housing Starts Go Bust (Or The Recovery Summer)

Like no one saw this coming. Take away the tax incentive and there goes what little growth there was in the housing sector.
                                   
                                
From Bloomberg.

Housing starts fell in June to the lowest level in eight months after the expiration of a U.S. government tax incentive caused sales to slump.Work began on 549,000 houses at an annual rate last month, fewer than the median estimate of economists surveyed by Bloomberg News and down 5 percent from May, Commerce Department figures showed today in WashingtonThe retreat following the end of government support shows it will be difficult for the industry that precipitated the recession to sustain a recovery. Mounting foreclosures will swell the supply of houses on the market and pressure prices, while prospective buyers shy away as a lack of jobs shakes confidence in the world’s largest economy

 But big Ben is going to throw another dart at the board tomorrow it appears.

The Standard & Poor’s 500 Index climbed 1.1 percent to 1,083.48 at the 4 p.m. close in New York on speculation Federal Reserve Chairman Ben S. Bernanke may announce new measures to stimulate economic growth when he testifies before the Senate tomorrow. Treasury securities were little changed.

If Obama has already put us on the right track, or in his own words;
"a choice between the policies that got us into this mess and my policies that got us out of this mess."
would new measures to stimulate growth be necessary? How did that 787 billion work out Ben? Is anything real anymore?