May. Housing Starts: 708K vs. 720K expected and 744K (revised) in Apr. Permits 780K vs. 736K...


May. Housing Starts: 708K vs. 720K expected and 744K (revised) in Apr. Permits 780K vs. 736K expected and 723K (revised) in Apr.
Comments (10)
  • bbro
    , contributor
    Comments (11216) | Send Message
     
    In the last 52 years no recession has started unless the year over year change in Housing Starts was already negative.

     

    Today...year over year is up 28.5%
    19 Jun 2012, 08:53 AM Reply Like
  • jwbrewer
    , contributor
    Comments (317) | Send Message
     
    If your 'normal' is 10 and you drop to 2 and move back to 3. That is a 50% improvement but far below the 'normal' - your improvement is utterly meaningless.
    19 Jun 2012, 09:41 AM Reply Like
  • bbro
    , contributor
    Comments (11216) | Send Message
     
    Job openings number was a disappointment...feel better??
    19 Jun 2012, 10:53 AM Reply Like
  • Tack
    , contributor
    Comments (16256) | Send Message
     
    jwb:

     

    Your statement is what's "utterly meaningless."

     

    The current direction is always important, in fact, it's the only thing that's important, not where we were once upon a time. The market is always priced for a combination of now and a discounted dose of the future. So, anybody who invests at huge discounts from the past is going to make money if the current direction is upward, no matter where some previous old high may have been.

     

    Those that remain unimpressed by data until it approaches or tops out some old highs are guaranteed not to make much, if any, money.
    19 Jun 2012, 11:29 AM Reply Like
  • hayekvonfriedman
    , contributor
    Comments (1003) | Send Message
     
    Agree for the most part and, for better or worse, markets look at relative performance, not absolute.
    21 Jun 2012, 07:00 AM Reply Like
  • Poor Texan
    , contributor
    Comments (3527) | Send Message
     
    We don't need a recession to have a dull economy with microscopic growth. For job-seekers, there is not much difference.
    19 Jun 2012, 09:33 AM Reply Like
  • Summer Sea
    , contributor
    Comments (99) | Send Message
     
    New building permits????? Really...I don't see how we can have an upward swing in home building when there are millions of homes underwater and millions of people that can't pay their mortgages.Who's going to buy all this stuff with banks tightening credit? Maybe foreign investors? or huge unethical investors in this country.
    19 Jun 2012, 01:16 PM Reply Like
  • hayekvonfriedman
    , contributor
    Comments (1003) | Send Message
     
    I have a building permit...I will not break ground for a year, and if not then, I can extend it. Am I the only one? I doubt it.
    21 Jun 2012, 07:02 AM Reply Like
  • Josh ODonnell
    , contributor
    Comments (229) | Send Message
     
    When the jobs market crashes, so will housing...and this isn't a recession..its a depression for the middle class..who are starving to death basically...

     

    So get your heads out of your ass because the #'s are b.s....the govt is lying to each and every one of us! Please..you really think Unemployment is at 8.2%? IF you believe that, your just being plain ignorant. The REAL # is closer to 20% OR more... Ok so the services sector grew...more $7/hr jobs for everybody! yey!
    19 Jun 2012, 11:59 PM Reply Like
  • hayekvonfriedman
    , contributor
    Comments (1003) | Send Message
     
    Not just for the "middle class," but for all, and that probably includes the rest of the world as well.
    21 Jun 2012, 07:04 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs