by John Galt
May 16, 2012 16:30 ET
While the mainstream media engages in P.L.O.P.O.O. (Putting Lipstick on Pig of Obamanomics), the reality of today’s housing numbers are still so bad, they would even embarrass Lyndon Baines Johnson; hell, maybe even Harry Truman!
The Media’s PLOPOO updates look like this:
Rebound in Housing Starts
Housing market posts best stretch of growth in nearly four years
Housing starts, single-family building permits jump in April
Builders start construction on more homes in April
Based on just this small sampling of headlines, the only thing that has more lipstick than the pig is Obama’s ass.
Here are the charts, they speak for themselves:
(click on thumbnails to enlarge graphs)
APR 2012 PERMITS (ALL)
APR 2012 SINGLE FAMILY PERMITS
APR 2012 HOUSING STARTS
APR 2012 HOUSING UNDER CONSTRUCTION
APR 2012 HOUSING COMPLETIONS
To read the entire Census Bureau report, click on this link (PDF version)



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