housing starts up

Discussion in 'Economy' started by Truthmatters, May 16, 2012.

  1. Truthmatters
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    Housing Starts Join U.S. Factories Topping Forecasts - Bloomberg



    Housing starts and industrial production exceeded forecasts in April, pointing to strength in the U.S. economy at the start of the second quarter.

    Starts rose 2.6 percent to a 717,000 annual rate from March’s revised 699,000 pace that was stronger than previously reported, Commerce Department figures showed today in Washington. Industrial production climbed 1.1 percent, the most since December 2010, the Federal Reserve said.
     
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    poor poor cons
     
  3. Douger
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    [ame=http://www.youtube.com/watch?v=MaTfzYDZG8c&feature=related]A very human-like robot invented by Japanese engineers - YouTube[/ame]
     
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  4. Truthmatters
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    spaming the facts wont make them go away
     
  5. Mad Scientist
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    From the comments section of the article:
     
  6. waltky
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    waltky Wise ol' monkey Supporting Member

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    Isn't 'loosening lending standards by banks and mortgage lenders' what got us in this mess to begin with?...
    :eusa_shifty:
    Fed Governor: Housing Recovery Needs a Lot of Help
    5/16/12 --- A Federal Reserve Governor says the U.S. housing market is mending, but would do a lot better if much-needed reforms were enacted, chief among them loosening lending standards by banks and mortgage lenders. Until that happens, expect a weak housing recovery.
     
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  7. Truthmatters
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    why so down on good news?
     
  8. iamwhatiseem
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    iamwhatiseem Gold Member

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    Once again TM fails, and falls for a headline...like the 1,000,000th time now.
    Look at the below Graph.
    Red is home vacancies...number of houses abandoned and unsold.
    Blue - is housing starts.

    This says it all, and once again looks at the data longer than a snapshot which is meaningless.
    It is like being thankful that your bleeding to death by only 6 wounds rather than 7.

    edit - also yuo can see the insanity of the bubble..vacancies were on a steep rise at the same time house starts was up.
    Also - of course house starts is a faaaaaaaaaaaaar cry from home completions.
     

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    Last edited: May 25, 2012
  9. percysunshine
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    percysunshine Gold Member

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    Truthmatters should get credit for everything good in the universe and is absolved for causing anything bad in the universe. The entire Universe.
     

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