from WallStForMainSt
A new Jan. 17 report by CNBC showed that “U.S. home building surged to a 13-year high [16.9%] in December as activity increased across the board” [emphasis added]. Housing starts spiked 16.9 percent to a “seasonally adjusted annual rate of 1.608 million units last month, the highest level since 2006,” [emphasis added] noted CNBC. This follows a trend, as recent economic reports showed consumer confidence at the highest levels in nearly 20 years.
To put the housing situation into context, CNBC reported that “economists polled by Reuters had forecast housing starts would increase to a pace of 1.375 million units in December.” So their predictions were off by a whole 233,000 units.
Full Article Here: Trump Economy: U.S. Housing Starts Skyrocket to 13-Year High: https://www.newsbusters.org/blogs/bus…
What are “Housing Starts?” Investopedia definition here: https://www.investopedia.com/terms/h/…
U.S. housing starts surge to 13-year high, gov’t figures show https://www.upi.com/Top_News/US/2020/…
U.S. Housing Starts at 13-Year High, Factory Output Gains https://money.usnews.com/investing/ne…
Why Manhattan’s Skyscrapers Are Empty https://www.theatlantic.com/ideas/arc…
HELOCs and Transformational REPO https://www.theinstitutionalriskanaly…
Are US Banks Facing a Credit Trap? https://www.theinstitutionalriskanaly…
Jumbo mortgages are back again for the US housing market (bubble): https://www.marketwatch.com/story/thi…
China’s home price growth at almost 1-1/2-year low, further softening seen https://finance.yahoo.com/news/chinas…
Exploring an Abandoned Chinese Ghost City https://youtu.be/YE-Oa7mAyDU
New Kyle Bass Tweet (January 18th, 2020) about HSBC Bank: https://twitter.com/Jkylebass/status/…
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