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  • Housing Starts Still Weak, Despite the Headlines

Uncategorized

17 Jul 2009

Housing Starts Still Weak, Despite the Headlines

  • By Bill Conerly
  • In Uncategorized
  • 1 comment

These guys who write newspaper headlines are getting me down.  Here's the Wall Street Journal's online head:  "Housing Starts Jumped in June."

Bloomberg proclaims: "Housing Starts in U.S. Unexpectedly Climb to Highest Level in Seven Months"

The Christian Science Monitor says:"US home construction recovering."

With that preparation, take a look at the latest data:
Husts
Wow!  Isn't that a real jump, a real recovery.  Ho hum.

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    Comments

  1. Kishore
    July 18, 2009

    It’s all hyped up. What about the foreclosures that are on the rise? 1.5M in the last 6 months and spreading to other states. Combine foreclosures with starts and you have more supply, probably leading to softening of prices – good news for buyers? It’s even worse in India where the housing market is highly inflated!

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