New housing starts surge

[Truthmatters]

Bottom Line - Housing starts surge to a 1-1/2 year high

 

[Truthmatters]

I know it pains the right to see the economy recovering

 

[Truthmatters]

Maybe refusing to extend the tax relief will help the right kill the recovery?

 

[Katzndogz]

Since we've been fed lies about the sales of existing home sales, it's a safe bet that this is a lie as well. Democrats lie.

Policy and Economy: Realtors overstated home sales for 5 years

 

[Truthmatters]

do you understand this is housing starts?

do you know that is a completely different stat?

 

[Warrior102]

Bottom Line - Housing starts surge to a 1-1/2 year high

You're a fucking Lair !!!!

 

[Truthmatters]

yeah that will make the facts go away

 

[Truthmatters]

why is the right so resistant to the idea of recovery?

 

[del]

why are you so resistant to the idea of reality?

 

[Ernie S.]

Bottom Line - Housing starts surge to a 1-1/2 year high

Great news! (where the hell is that damned sarcasm emoticon when you need it?)
How does this small increase look when compared to, say, January of 2007 when the Democrats took over Congress?

 

[Chris]

Builders broke ground in November on more houses than at any time in the past 19 months, led by a surge in multifamily units, signaling the market is stabilizing heading into 2012.

Starts increased 9.3 percent to a 685,000 annual rate, exceeding the highest estimate of economists surveyed by Bloomberg News and the most since April 2010, Commerce Department figures showed today in Washington. Building permits, a proxy for future construction, also climbed to a more than one-year high.

U.S. Housing Starts Jump 9.3%, to Highest in Year - Bloomberg

 

[Old Rocks]

Good news for all of us. Hope the coming years sees more of this.

 

[Mr. H.]

Multi-family units, as in rental properties?

 

[Trajan]

Builders broke ground in November on more houses than at any time in the past 19 months, led by a surge in multifamily units, signaling the market is stabilizing heading into 2012.

Starts increased 9.3 percent to a 685,000 annual rate, exceeding the highest estimate of economists surveyed by Bloomberg News and the most since April 2010, Commerce Department figures showed today in Washington. Building permits, a proxy for future construction, also climbed to a more than one-year high.

U.S. Housing Starts Jump 9.3%, to Highest in Year - Bloomberg

I thought you were in the real estate biz?....becasue you would know;

a) there has been a huge channel stuffing scheme going on, b) the starts are primarily for multi unit dwellings c) they had to confess to a huge error,the National Association of Realtors blew it by 3 million homes.....soooooo

 

[Trajan]

Multi-family units, as in rental properties?

exactly, market forces are in action, there is a glut of single fam. homes, foreclosures are happening ( aside from the huge hang over of properties NOT on the market yet) so they are building for renters....

 

[Avorysuds]

WHHHHHOOOOOOOOOOOOOOOOOOOOOOHOOOOOOOOOOOOOOOO! The Republicans cock blocked Obama to the point where the economy is rockin it's way back!


Right TM?

Or did the Republicans hold the country hostage and things got worse?

 

[Chris]

WHHHHHOOOOOOOOOOOOOOOOOOOOOOHOOOOOOOOOOOOOOOO! The Republicans cock blocked Obama to the point where the economy is rockin it's way back!


Right TM?

Or did the Republicans hold the country hostage and things got worse?

The treasonous Tea Party/Republicans created a phony debt ceiling "crisis" that hurt our credit rating temporarily lowered the stock market.

But that is over now.

 

[Chris]

Builders broke ground in November on more houses than at any time in the past 19 months, led by a surge in multifamily units, signaling the market is stabilizing heading into 2012.

Starts increased 9.3 percent to a 685,000 annual rate, exceeding the highest estimate of economists surveyed by Bloomberg News and the most since April 2010, Commerce Department figures showed today in Washington. Building permits, a proxy for future construction, also climbed to a more than one-year high.

U.S. Housing Starts Jump 9.3%, to Highest in Year - Bloomberg

I thought you were in the real estate biz?....becasue you would know;

a) there has been a huge channel stuffing scheme going on, b) the starts are primarily for multi unit dwellings c) they had to confess to a huge error,the National Association of Realtors blew it by 3 million homes.....soooooo

The figures came from the Commerce Department.

Last time I checked, the Commerce Department weren't realtors!

You are striking out all over the place tonight.

 

[Mr. H.]

Rental properties. That can't be a good sign.

 

[Chris]

Rental properties. That can't be a good sign.

It's a good sign.

So is this....

Dec. 21 (Bloomberg) -- Sales of existing homes in the U.S. rose in November to a 10-month high, showing demand may be starting to stabilize following a plunge over the past four years that was steeper than previously calculated.

Purchases climbed 4 percent to a 4.42 million annual pace, the most since January, the National Association of Realtors said today in Washington. The group revised down figures going back to 2007 by an average 14 percent, putting them more in line with other measures of demand.

Sales of Existing U.S. Homes Rise From Deep Slump: Economy - Businessweek