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Housing starts soar 22.6% in July as Americans re-enter the housing market in droves

Hamartia Antidote

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The numbers: Home-building activity has staged a significant turnaround from the coronavirus-related slowdown.

U.S. home builders began construction on homes at a seasonally-adjusted annual rate of 1.496 million in July, up 22.6% from the previous month and 23.4% from a year ago, the U.S. Census Bureau reported Tuesday. The pace of home building is now 7% down from the pre-coronavirus high.

Permitting activity occurred at a seasonally-adjusted annual rate of 1.495 million, up 18.8% from June and 9.4% from July 2019.
Economists polled by MarketWatch had expected housing starts to occur at a pace of 1.252 million and building permits to come in at a pace of 1.33 million.

What happened: Increases in both single-family and multifamily starts contributed to the overall increase. Construction on buildings with five or more units increased 56.7% on a monthly basis, while single-family starts rose 8.2%.
Likewise, the increase in building permits occurred across all types of housing: one-unit homes (up 17%), homes with between two and four units (up 12.5%) and buildings with five or more units (up 23.5%).

“The gap between permitted homes and started homes continues to grow,” said Danielle Hale, chief economist at Realtor.com. “This growing gap signals extra capacity on the permit side, but may mean that despite record confidence, builders have trouble completing jobs.”

July single-family home completions were down 1.8% from June and 0.4% from a year ago.

All regions experienced an overall uptick in housing starts despite rising coronavirus cases across many parts of the country, led by the 35.3% increase in the Northeast. However, single-family starts actually fell slightly between June and July in both the Northeast and the Midwest. Permitting rose relatively uniformly across the country, with all four major regions seeing upticks.
 
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Sure! And the american economy has been the best in recorded history. Racism doesn't exist in america. Muslims have the most powerful lobby working for them at the Capitol Hill. The american government has arrested, prosecuted and convicted 99% of Wall Street and all convicted Wall Street criminals have been put on Death Row. Oh and American Govt has dismantled the federal reserve bank, abolishing the theft carried out by federal reserve and wall street over the last 100 years.

American economy is on its last leg, its impending collapse will devastate the american way of life and will not ever be able to recover from it. They can keep harping about the economy picking up all day long, but that don't change the reality on the ground. A cumulative public/private sector debt crossing the $80 trillion, is an assured indicator that the total collapse of the american economy is very near.
 
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American economy is on its last leg, its impending collapse will devastate the american way of life and will not ever be able to recover from it.

Ludicrous. Shouldn't you be more concerned about Pakistan's economy's well-being before you bark/pray about some stupid US collapse? Even if we halved our GDP to only $10Trillion we'd still be ahead of almost everybody else. So I guess that makes most of the planet living in a perpetual horrific collapsed state.

Is that what you see every time you look out your door?
 
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The numbers: Home-building activity has staged a significant turnaround from the coronavirus-related slowdown.

U.S. home builders began construction on homes at a seasonally-adjusted annual rate of 1.496 million in July, up 22.6% from the previous month and 23.4% from a year ago, the U.S. Census Bureau reported Tuesday. The pace of home building is now 7% down from the pre-coronavirus high.

Permitting activity occurred at a seasonally-adjusted annual rate of 1.495 million, up 18.8% from June and 9.4% from July 2019.
Economists polled by MarketWatch had expected housing starts to occur at a pace of 1.252 million and building permits to come in at a pace of 1.33 million.

What happened: Increases in both single-family and multifamily starts contributed to the overall increase. Construction on buildings with five or more units increased 56.7% on a monthly basis, while single-family starts rose 8.2%.
Likewise, the increase in building permits occurred across all types of housing: one-unit homes (up 17%), homes with between two and four units (up 12.5%) and buildings with five or more units (up 23.5%).

“The gap between permitted homes and started homes continues to grow,” said Danielle Hale, chief economist at Realtor.com. “This growing gap signals extra capacity on the permit side, but may mean that despite record confidence, builders have trouble completing jobs.”

July single-family home completions were down 1.8% from June and 0.4% from a year ago.

All regions experienced an overall uptick in housing starts despite rising coronavirus cases across many parts of the country, led by the 35.3% increase in the Northeast. However, single-family starts actually fell slightly between June and July in both the Northeast and the Midwest. Permitting rose relatively uniformly across the country, with all four major regions seeing upticks.
In terms of economic management this is bad. At a time when consumer spending is slow. Disposable income is declining. Joblessness is at hight and bankruptcy is record high capital investments like housing industry cant grow. People will not buy. The investor might not be able to cover its expenses.
 
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Ludicrous. Shouldn't you be more concerned about Pakistan's economy's well-being before you bark/pray about some stupid US collapse? Even if we halved our GDP to only $10Trillion we'd still be ahead of almost everybody else. So I guess that makes most of the planet living in a perpetual horrific collapsed state.

Is that what you see every time you look out your door?

Pakistan has survived sanctions, survived traitor corrupt ppp-pmln maggots, survived 1971, survived a decade of Soviet invasion of Afghanistan, survived two decades of War on Terror, is surviving indiot-hinduvtas and their pathetic alliance with zionists FAFT.

Without zionists propping your economy through the fed-resrv pumping more debt dollars into a "Gig Economy". The zionists have all but wiped out america's middle class. Wall Street goes on a rampage every decade crashes NCR they've made a "killing" and then your prostitute u.s govt bails them out, while more americans end up living on the streets.

I've been to Chicago, Los Angeles, New York, Miami and Detroit. Seeing all those dilapidated homes, hobos sleeping in make shift tents, living outta their cars and the "Tent City" dotted all along the West Coast of america. So none of what you're saying has any significance or meaning at all.

More americans are working multiple jobs to keep their once good living, going. Entrenched in spiralling credit card debt, student loans and mortgages tell the true story of america.

So you can take your $10 trillion and live in your fantasy world. The reality has become too large to ignore now.
 
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Pakistan has survived sanctions, survived traitor corrupt ppp-pmln maggots, survived 1971, survived a decade of Soviet invasion of Afghanistan, survived two decades of War on Terror, is surviving indiot-hinduvtas and their pathetic alliance with zionists FAFT.

Without zionists propping your economy through the fed-resrv pumping more debt dollars into a "Gig Economy". The zionists have all but wiped out america's middle class. Wall Street goes on a rampage every decade crashes NCR they've made a "killing" and then your prostitute u.s govt bails them out, while more americans end up living on the streets.

I've been to Chicago, Los Angeles, New York, Miami and Detroit. Seeing all those dilapidated homes, hobos sleeping in make shift tents, living outta their cars and the "Tent City" dotted all along the West Coast of america. So none of what you're saying has any significance or meaning at all.

More americans are working multiple jobs to keep their once good living, going. Entrenched in spiralling credit card debt, student loans and mortgages tell the true story of america.

So you can take your $10 trillion and live in your fantasy world. The reality has become too large to ignore now.

Your complete obsession with seeing Zionists behind every tree is clouding your ability to see reality.

If you were in LA, Miami, Detroit, and NYC in the 1960's and 1970's you would have seen the SAME dilapidated buildings and hobos, This isn't anything new.

This same story was repeated in other cities. BTW the crying Liberal Democrats tried this FHA loans to the poor again in 1999 under Clinton giving us the 2008 financial crisis. They never learn anything.





Since the 1950's the middle class and above have been leaving the old crowded housing of cities to new single family developments in the suburbs...leaving lots of housing in big cities to age and rot. Unfortunately this also concentrated low income and lower middle class people in urban centers (yes, there are still middle income and above people there but FAR from a majority).

So are there poor homeless people walking the streets in Chicago, Los Angeles, New York, Miami and Detroit? There sure are...and they were also there in the 1960s, 1970s, 1980's, 1990's, 2000's, and 2010's.

If you are looking for the "middle class" then you are looking in the absolutely WRONG area.

Screen Shot 2020-08-30 at 2.17.53 PM.jpg

It's actually going down
 
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If you were in LA, Miami, Detroit, and NYC in the 1960's and 1970's you would have seen the SAME dilapidated buildings and hobos, This isn't anything new.

Sure, that maybe the case in your utopian america, in the real world, things are totally different.







Your complete obsession with seeing Zionists behind every tree is clouding your ability to see reality.

That is your own Congressman, James Trafficant talking about zionist control of your country and your military. Fighting wars which have nothing to do with america, dying for the illegal state of israel. Anyone who criticizes israel is demonized and called a anti-semite, when in reality none of these p!gs are actually Hebrew Jews.


Here is another one of your countryman, Philip Giraldi, giving americans the facts on the ground!!


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Tell ya what, how about you keep sleeping and dreamin the american dream. While the rest of us actually wake up and see the world for what it really is being turned into by those zionist scum b@$tards.
 
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Tell ya what, how about you keep sleeping and dreamin the american dream. While the rest of us actually wake up and see the world for what it really is being turned into by those zionist scum b@$tards.

There is no secret that the US supports Israel when it comes to security issues.
As I have stated in another thread lots of Russia's brainpower (like scientists making nuclear weapons) fled to the West with the vast majority going to Israel. Over !0% of Israel's Zionist Jews have recent roots from Russia.

This 10% could influence Israel into jumping to the Russian camp. This would be a National Security disaster as many critical industries have R&D centers in Israel. These centers aren't in the nearby middle east countries, nor Africa nor most of Asia. They are important like Europe, Japan, S Korea and Taiwan. Which also are in the news when it comes to military security.
 
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This 10% could influence Israel into jumping to the Russian camp.

I'm sorry, but you've got a lot of history reading up, to do. There is no such thing as Russian Jews, these people come from their ancestral lands of Khazaria. These people as much Russian as they are Jews, masquerading as both, the same way they've been doing in the Continent of Europe and more recent history, Continental America.

These people have no allegiance to Russia, the Bolshevik Revolution is proof that these scumbags have allegiance to just Money & Power. That's how they did it in france with the french revolution and that's how they've done it in britain 1815 with the Battle of Waterloo, the London Stock Exchange and the Bank of England. And finally that's how they did it with america after the Civil War.

There is no secret that the US supports Israel when it comes to security issues.

Yeah like the USS Liberty was?


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You're not talking someone who is blissfully ignorant of what the true history is of these Khazari-Ashkenazi-Jews.
 
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These people have no allegiance to Russia, the Bolshevik Revolution is proof that these scumbags have allegiance to just Money & Power.

Instead of making stupid generalizations why don't you try talking to some.

That's like saying all the Pakistani's in the US have allegiance to just Money & Power. You think these Pakistan's are here because of something that happened before they were born? Are you that out of touch?

The Russian Jews left because Russia sucked and life would be much better elsewhere. Which is usually the stated reason by other people who left their country. These people aren't happy that their old country was this way and WOULD PROBABLY GO BACK if it changed.
 
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Instead of making stupid generalizations why don't you try talking to some.

That's like saying all the Pakistani's in the US have allegiance to just Money & Power. You think these Pakistan's are here because of something that happened before they were born? Are you that out of touch?

The Russian Jews left because Russia sucked and life would be much better elsewhere. Which is usually the stated reason by other people who left their country. These people aren't happy that their old country was this way and WOULD PROBABLY GO BACK if it changed.

It's slick touch, referring to them as "Russian Jews".

White Jews are not European, not Russian. White Jews originate from the land that stretches from the south, where the Caucus Mountains are all the way north to the banks of Rivers Don and Volga. Flanked in the east by the Caspian Sea and to the west by the Black Sea. White Jews' ancestors are the Western Turkic Kaghanate, and exclusively from within the Western Turkic Kaghanate, the Khazars. They were once a powerful kingdom, in co-existence (but not as powerful as) the two super powers of the time, namely the Byzantine Empire (Orthodox Christian) and the Persian Empire (Zoroastrian). The tribes of the Western Turkic Kaghanate, under the rule of the Khazars, played on Byzantine Empire's rivalry against the Persians. They played this game until the arrival of Islamic Khilafah.

Go read the history books instead of insisting on your arguments being correct. I don't really care whether you believe me or not. It's up to you to do your own research and decide.

Ciao!
 
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