"ALL CAPS IN DEFENSE OF LIBERTY IS NO VICE."

Tuesday, July 19, 2011

GOOD NEWS: HOUSING MARKET RECOVERING; BAD NEWS: IT'S STILL ONLY AT 50%!

AP/NYT: "JUNE SURGE" [WTF?!?!?!?]:
Builders broke ground on a seasonally adjusted 629,000 homes last month, a 14.6 percent increase from May.

Still, that is roughly half the 1.2 million homes per year that economists say must be built to sustain a healthy housing market.
So we are "surging" to 50%!??! Talk about spin!

The truth is that we are so far down that when we are looking up we are still looking down!

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