STARTS

The Other Housing Data the Media Will not Share

by John Galt February 18, 2015 21:00 ET While the Bubblevisions continue their unrelenting used car tactics to convince grandma and grandpa that the $0.70 per share biotech stock is where their retirements should be, the selective propaganda from the various entities which provide financial news have agreed with the US government to use contrived data by displaying “annualized rates” or “percentage change month over month” rather than telling the tale of reality: Housing has not recovered and it is not even close to recovering. 4 charts courtesy of the Federal…


Today’s Housing Data is PLOPOO

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…


2/16 Housing Data: More Depressing News in Realityville

by John Galt February 16, 2012 21:45 ET   The housing news, as usual, was spun by the Obamamedia, the Fedomedia, and the Bullmedia as the ultimate sign that once again, for the 113th time in 4 years, “We’ve turned the corner!” And as the unicorn pooping skittles and rainbows sprayed the news over Wall Street and the gullible morons of the nation, reality is here, at these pages. First, let’s not sugar coat this. Starts were up my friends. They were up nicely. In fact on a non-seasonally adjusted basis,…


A Quick Housing Data Chart Update

By John Galt August 17, 2011 – 13:15 ET Unfortunately, I am not paid to blog, but I am working on it. With that established that is my excuse for not having these charts up yesterday as I shall now establish a series of pages under the economic data heading to keep my readers informed with or without an individual posting. Here is the latest from the US Department of Commerce, Bureau of the Census regarding housing permits, starts, under construction, and completions. Needless to say we are still in a…


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