Monday, April 25, 2011

NEW DATA SHOW HOUSING MARKET STILL SUCKS

WASH POST:

“You can’t put lipstick on this pig,” said Diane Swonk, chief economist at Mesirow Financial. “The new housing market remains weak no matter how the data is cut.”

High unemployment, tight credit and a lingering fear that prices will fall further have kept people from making home purchases.

The seasonally adjusted number of new homes for sale in the United States is the fewest since the summer of 1967, when there were 110 million fewer people in the country.

Requests for building permits, a gauge of future construction, sank in the winter to their lowest level in more than 50 years.
THIS WON'T IMPROVE UNTIL THE UNEMPLOYMENT NUMBERS IMPROVE AND THAT WON;T HAPPEN UNTIL THE CONGRESS AND OBAMA AGREE ON A REAL PLAN TO LOWER THE DEFICIT AND TACKLE THE DEBT.

3 comments:

  1. People's nest eggs (to keep them less dependent on Social Security and Medicare) are typically as follows:

    1. Stocks

    2. Bonds

    3. Precious metals

    4. Their homes

    Is Obama deliberately following policies to tank all of the above?

    ReplyDelete
  2. yes.

    why!?

    simple:

    like all good little postmodern leftists he (falsely) blames all of humanity's ill on the west. the usa leads the west, and bringing us down neutralizes the west and ergo uplifts the third world.

    obama and his comrades want the usa to be subservient to the UN and the world bank and the imf.

    bankrupting us achieves this.

    ReplyDelete
  3. America as a Third World country?

    Yes, I can see that Obama is putting us on that path.

    ReplyDelete