Housing recovery blossoms

Discussion in 'Politics' started by Chris, Sep 19, 2012.

  1. Chris
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    Chris Gold Member

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    I tried to tell you...

    NEW YORK (CNNMoney) -- The U.S. housing industry -- crucial to any jobs recovery -- showed more signs of strength, according to two reports issued Wednesday.

    The Census Bureau said housing starts and permits rose substantially in August. Separately, sales of previously occupied homes climbed 7.8% from a year ago, according to the National Association of Realtors.

    Builders started on new homes at an annual rate of 750,000, up 29.1% compared with a year earlier. They applied to build another 803,000 new homes on an annual basis, a 24.5% jump compared with August 2011.

    Home construction, sales showing some strength - Sep. 19, 2012
     
  2. Chris
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    Chris Gold Member

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    Home building will begin to bring down unemployment next year.

    Back to a normal economy.
     
  3. Toro
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    Toro Diamond Member

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    The housing market will normalize in 2014 or 2015. If it's 2013, that's great but unlikely.

    But the housing market is going to "normalize." It isn't going to "blossom."
     
  4. g5000
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    g5000 Diamond Member

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    They don't come more clueless than you.

    .
     
  5. g5000
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    g5000 Diamond Member

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    Exactly. It has been bouncing along the bottom for some time. It will take years to get out from under.

    10 Million Underwater Mortgages And Shadow Inventory Worth $246B Mean Housing Trouble


    And even though the shadow inventory is at 1.5 million, there are far more homeowners than that who are waiting for the market to pick up again so they can sell their houses. So as you said, this is going to take years to normalize.

    .
     
  6. Truthmatters
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    Truthmatters BANNED

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    sorry guys but the doom and gloom wishers are just going to have to try something else
     
  7. Claudette
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    Claudette Gold Member

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    Well we all know how Chrissy likes to paint that rosey picuture.

    The fact that it ain't so rosey never stands in his way.

    Why let the truth get in the way of a good whopper??
     
  8. Chris
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    Chris Gold Member

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    Housing starts just went up 29% nationwide.

    Auto sales are back to normal, retail sales are back to normal...housing is the last piece of the puzzle.

    Home building will bring down unemployment next year.
     
  9. Truthmatters
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    Truthmatters BANNED

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    the wealth effect is about to spur on spending aslo
     
  10. Full-Auto
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    Full-Auto Gold Member

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    It could, but no guarantees. The current back slide may just ruin that as well.

    You guys just suck................................
     

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