New housing starts surge

[Mad Scientist]

Uh, wat?
Bailout Payback? Realtors Double-Counted Home Sales For Last Five Years | Sad Hill News

Double Counted Channel Stuffing?

 

[expat_panama]

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?

If that's a 'surge' then I'd hate to see a downturn...

 

[iamwhatiseem]

This is just another TM thread where she runs across a headline that she and her followers don't understand.

 

[Truthmatters]

keep talking down the good signs people it makes you look like real patriots

 

[Paulie]

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?

I'm far from a democrat, but linking a political party to the decline in housing activity from the peak of the market to the bottom, is nonsense.

It had nothing to do with political parties. The damage was already done throughout the market.

 

[iamwhatiseem]

keep talking down the good signs people it makes you look like real patriots

keep propping up misinformation and talking down glaring bad signs TM, it makes you look like a real patriot.

 

[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

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.

jackasses R U is open it appears, try doing some homework......

Housing Starts Jump 9.3 Percent
Multifamily housing leads the unexpected jump in housing starts as demand grows in rental market.
Article | Tue, 12/20/2011 - 10:38 | By Adriana Reyneri

Housing construction surged 9.3 percent in November to an annual rate of 685,000 units, according to Commerce Department data released today that surpassed analysts’ expectations and gave a boost to the U.S. stock market.

Multifamily units accounted for much of the increase, a gain that reflects strengthening in the rental housing market. Groundbreaking on buildings with five or more units jumped 32.2 percent since October 2011 and a whopping 180 percent from November 2010. Overall, housing starts increased nearly 24.3 percent from the November 2010 rate of 551,000.

Permits – a forward looking indicator for the housing market - rose 5.7 percent from October to an annual rate of 681,000. Since November 2010, the rate of building permits issued increased more than 20 percent. Permits for multifamily units showed the most robust year-over year increase, rising more than 80 percent for buildings with five or more units and 10 percent for buildings with two to four units, compared to 3.6 percent for single-family homes.

Vacancy rates for rental housing peaked at 11.1 percent in the third quarter of 2009, according to data from the U.S. Commerce Department, and have been trending downward since. Rental vacancies hit a six-year low of 9.2 percent in the second quarter of 2011 and bumped up to 9.8 percent in the third quarter. The U.S. homeownership rate stood at 66.3 percent at the end of September, down from a high of 69.2 last seen in the second quarter of 2004.



Housing Starts Jump 9.3 Percent | Millionaire Corner

 

[driveby]

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

Home values are still down, thanks for playing.......