Housing’s Bounce Off the Bottom May Not Signal Boom Times

By: Thursday October 18, 2012 7:00 am

Yesterday’s housing starts number has pushed the mainstream press over the edge in declaring a housing recovery. I would argue that housing starts could maybe get over the low point of housing collapses of the last 50 years before we sound the all-clear, but it’s clear enough to me that, with Americans producing more people [...]

More Positive Stats for Housing Ignores Realities on the Ground

By: Wednesday September 19, 2012 11:36 am

The housing analyst community is enthralled again today by good topline news reports. Housing starts increased according to the Census Bureau, though there’s substantial margin for error in that report, plus or minus 10%. The estimate of 750,000 seasonally adjusted annual housing starts was actually below expectations of 768,000, but up year over year. Then [...]

Congressional Leadership Makes Last-Ditch Effort on Surface Transportation Bill

By: Wednesday June 20, 2012 11:35 am

Congressional leadership is getting antsy over the possibility of no highway bill for the year, and another in a series of extensions, which will likely depress construction spending and harm local vulnerable members back in their home district. Senate Majority Leader Harry Reid and House Speaker John Boehner asked both sides to iron out their [...]

Warm Winter Economic Boost Coming Back to Haunt Jobs Picture

By: Monday April 9, 2012 6:55 am

I was waiting for some enterprising conservative to make the argument that global warming improved the jobs landscape, because it turned certain industries like construction into more year-round pursuits. Of course, to make that argument, they’d have to acknowledge the existence of global warming. But they would have been missing what happens after the catch-up [...]

White House, Clinton Global Initiative Announce $4 Billion in Energy Retrofits

By: Friday December 2, 2011 10:15 am

The “We Can’t Wait” series of executive orders and announcements has strayed away from the economy in recent weeks and toward perfunctory things like improving executive branch performance, and also counter-productive budget cutting under the guise of eliminating “waste.” But this latest effort, which involves former President Clinton, actually sounds like a pretty good piece [...]

Eleven Percent of All Housing Units Vacant in 2010

By: Tuesday February 1, 2011 12:56 pm

The Treasury Department released its latest data on housing today, and they try to make a silver lining out of the fact that borrowers with permanent HAMP modifications have an average income of $46,000 a year. That’s but one data point in housing, however, and I’m not even certain what we can take from it. [...]

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