"The Commerce Department said Tuesday that construction of new homes and apartments jumped 17.2 percent last month to a seasonally adjusted annual rate of 532,000 units. That was better than the 500,000-unit pace that economists had expected and came after construction fell in April to a record low of 454,000 units."
OK Folks, WHERE! Quite frankly, I'm sick and tired of our government releasing such BS numbers any more. One day construction/sales are up, the next they're back down again and the following day they're back up again. That is, if you follow the Daily Times.
It's pretty simple. How many of YOU know someone who was transferred out of the area or even into the area. Take 10 friends you have known for quite a while and start doing the math. If ONE friend transferred to another area or moved here, that's 10%. Do YOU know of 17.2% of your friends that just had a new home built or purchased one? OK, so let's say that's bogus. Let's get to their point. If there's been a 17.2% increase in new homes/apartments, who's buying/renting them and where have they been built? 17.2% is a pretty HUGE number.
Even if YOU wanted to buy a new home right now your chances are slim you'll get financed. It reminds me of all the new Dodge/Chrysler Commercials now on television suggesting everything is now better for them and there's a bright light/future in the horizon. I can see it now. Honey, the MSM says new homes built are up 17.2% and Dodge says things are all OK now. I think it's time we make that big step, put the house we bought 2 years ago on the market, get rid of that 2007 Chevy we bought and get us a new Dodge too.
So tell me you have 17.2% of your friends THAT STUPID?
They go on to say, "A healthy home market is needed to support an economic recovery." So let's BS everyone into believing we're almost there and new home/apartment construction is up 17.2%. I highly doubt developers are going to buy their crap either.
The ONLY thing up 17.2% almost daily is gas prices. Thanks Obama. The only CHANGE we need is a President who won't lie to us any more. Not that the last few Administrations were any better but this one wants us to be STUPID.
Perhaps they forgot about all the properties going up for tax sale this week? Oh, that's right, they're not new either!