transporter
Well-Known Member
U.S. housing starts hit nine-month low; permits fall
This was a rotten report...and will take some of the wind out of Q2 GDP growth (yes Gilligan...you have to wait for all sectors to report in...not just cherry pick the items that propaganda sites point to in order to spin a story to the uneducated...June trade data -which won't be released till Aug 6th may also be terrible)
What is one reason given for reduction in housing starts? Price increases. Why are prices of new homes rising?
So get ready for the quote from Trump: "no one knew how much lumber was used to build houses!"
The actual housing report is here: https://www.census.gov/construction/nrc/pdf/newresconst.pdf
Oh...why may the trade data be terrible? Chinese companies shipped record amounts of cargo to US in June. Why? To beat the impending tariffs of course.
The trade data will come out after the first read of Q2 GDP.
This was a rotten report...and will take some of the wind out of Q2 GDP growth (yes Gilligan...you have to wait for all sectors to report in...not just cherry pick the items that propaganda sites point to in order to spin a story to the uneducated...June trade data -which won't be released till Aug 6th may also be terrible)
What is one reason given for reduction in housing starts? Price increases. Why are prices of new homes rising?
A survey on Tuesday showed confidence among single-family homebuilders unchanged in July, with builders continuing to be “burdened by rising construction material costs.”
The Trump administration in April 2017 imposed anti-subsidy duties on imports of Canadian softwood lumber, which builders say have boosted the price of a new single-family home.
So get ready for the quote from Trump: "no one knew how much lumber was used to build houses!"
The actual housing report is here: https://www.census.gov/construction/nrc/pdf/newresconst.pdf
Oh...why may the trade data be terrible? Chinese companies shipped record amounts of cargo to US in June. Why? To beat the impending tariffs of course.
The trade data will come out after the first read of Q2 GDP.