Housing starts fell unexpectedly in July

Feb 2010
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There were also some positive signals in Thursday's report. New permits for building homes rose 6.8 percent in July to a 812,000 unit pace, the highest rate since August 2008
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michaelr

Former Staff
Dec 2006
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FEMA Region 10
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hahahaha they were up slightly from one of the lowest points ever. Thanks. That's "progress". Hey think inflation had anything to do with that happy horse shit?
 
Mar 2012
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It's hardly unexpected, I think most rational people expect fewer people buying a new house when food is expected to cost 15% more and gas might go up another 10-15% as well. Plus, most people start buying houses in their 20-30's except that those people still owe on student loans and won't be able to buy a house. And there are , BTW fewer gen-Y people than boomers, so why would they pay to build a house when they can buy a used one when a boomer goes to the nursing home?
 
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Apr 2012
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They are building new neighborhood all around me, yet the established neighborhoods "for sale" homes remain unsold.

Why anyone would buy a house that goes up in less than 3 weeks is beyond me.