bloomberg.com - 11/19/2008
—
Nov. 19 (Bloomberg) -- U.S. housing starts and permits for future construction both dropped to record lows in October, signs the housing downturn may extend into a fourth year. Construction starts on housing fell 4.5 percent in October, less than economists forecast, to an annual rate of ...
calculatedrisk.blogspot.com - 11/19/2008
—
calculatedrisk.blogspot.com —
Total housing starts were at 791 thousand (SAAR)
in October, the lowest level since the Census Bureau...
began tracking housing starts in 1959. Single-family starts were at 531 thousand in October; the lowest level since October 1981. Single-family ...
(more)
Housing Starts at Record Low
Comments
Blog Reactions
No New Houses For You
Eschaton —
No New Houses For You Record low for housing starts. Nov. 19 (Bloomberg) -- U.S. housing starts and permits for future construction both dropped to record lows in October, signs the housing downturn may extend into a fourth year. Construction starts on housing fell 4.5 percent in October, less than economists forecast, to an annual rate of 791,000 that was the lowest since records began in 1959, the Commerce Department said in Washington. Building permits, a sign of future residential projects, dropped 12 percent to a 708,000 pace, the lowest since at least 1960. ...
Measuring the Bush Recession
Crooks and Liars —
As the American economy plunges deeper into crisis, the conservative chattering classes are hoping for a replay of their 2001 blame game. Having successfully perpetuated the myth that President Bush "inherited a recession" from Bill Clinton, right-wing mouthpieces from Rush Limbaugh to Fred Barnes began blaming Barack Obama for the Bush recession literally within hours of his election. But as a quick glance at the data shows, across virtually economic indicator from GDP, unemployment and consumer confidence to home prices, foreclosures and manufacturing output, ownership for this mushrooming economic calamity squarely belongs to George W. ...
Related Content
Housing Starts at Another Record Low
calculatedriskblog.com 2/18/2009 — Click on graph for larger image in new window. Total housing starts were at 464 thousand (SAAR) in January, by far the lowest level since the Census Bureau began tracking housing starts in 1959. Single-family starts were at 347 thousand in ...
Housing Starts at Record Low in April
calculatedriskblog.com 5/19/2009 — Click on graph for larger image in new window. Total housing starts were at 458 thousand (SAAR) in April, the all time record low. The previous record low was 488 thousand in January (the lowest level since the Census Bureau began tracking ...
Housing Starts Hit Record Low in April
yglesias.thinkprogress.org 5/19/2009 — This is not a green shoot :
Housing construction hit to a record low in April as a steep drop in apartment building offset a rebound in single-family construction . [...] In a disappointing sign for the future, applications for new building ...
Housing Starts in U.S. Fell 18.9% to 625,000 Pace (Update2)
bloomberg.com 12/16/2008 — Dec. 16 (Bloomberg) -- U.S. builders broke ground in November on the fewest new homes since record-keeping began, signaling the housing slump will extend into a fourth year. Construction starts on housing fell 18.9 percent last month to an annual ...
Consumer Prices Decline in October; Housing Starts Sink Again
online.wsj.com 11/19/2008 — WASHINGTON -- U.S. consumer prices took the biggest plunge in 61 years during October, pulled down by a sinking economy that evidence suggests is sending inflation into retreat. Separately, home construction took its fourth tumble in a row during ...
Romney: Let Detroit go bankrupt —
CNN Political Ticker 11/19/2008
Watch Romney on CNN's American Morning
(CNN) — Former Republican presidential candidate Mitt Romney, the son of a former auto executive with deep ties to Detroit, told CNN Wednesday the U.S. government should not bailout the country's big ...
Housing agency loosens foreclosure aid rules —
Reuters: Politics 11/19/2008
WASHINGTON (Reuters) - The U.S. Department of Housing and Urban Development will loosen terms of its foreclosure-prevention effort so that the program, meant to backstop $300 billion in home loans, can be more effective, the agency said on Wednesday. ...
Follow BeltwayBlips on Twitter
