Comments on: AP Writer Miscasts Housing Measurements to Portray Home-Value ‘Crisis’ http://www.bizzyblog.com/2008/03/03/ap-writer-miscasts-housing-measurements-to-portray-home-value-crisis/ The Business End of the Blogosphere Tue, 02 Dec 2008 18:41:44 +0000 http://wordpress.org/?v=2.5 By: TBlumer http://www.bizzyblog.com/2008/03/03/ap-writer-miscasts-housing-measurements-to-portray-home-value-crisis/#comment-120813 TBlumer Mon, 03 Mar 2008 17:46:32 +0000 http://www.bizzyblog.com/2008/03/03/ap-writer-miscasts-housing-measurements-to-portray-home-value-crisis/#comment-120813 Aw, this is ridiculous. Fox's headline is misleading as h*ll, but they seem to be alone in using it. AP's raw headline, at least at the moment, is "Construction Spending Dives in January." What you got to is seasonally adjusted. What AP is reporting as "slashes" is a normal not-seasonally-adjusted slowdown due to winter weather, which of course happens every year. In fact, since the winter is in some areas of the US the worst in 40 years, you'd expect the slowdown to be greater. Zheesh. I have to save this for tonight. Aw, this is ridiculous.

Fox’s headline is misleading as h*ll, but they seem to be alone in using it. AP’s raw headline, at least at the moment, is “Construction Spending Dives in January.”

What you got to is seasonally adjusted. What AP is reporting as “slashes” is a normal not-seasonally-adjusted slowdown due to winter weather, which of course happens every year. In fact, since the winter is in some areas of the US the worst in 40 years, you’d expect the slowdown to be greater. Zheesh.

I have to save this for tonight.

]]> By: dscott http://www.bizzyblog.com/2008/03/03/ap-writer-miscasts-housing-measurements-to-portray-home-value-crisis/#comment-120811 dscott Mon, 03 Mar 2008 17:04:08 +0000 http://www.bizzyblog.com/2008/03/03/ap-writer-miscasts-housing-measurements-to-portray-home-value-crisis/#comment-120811 Yes, it is interesting that the MSM continues with meme when in fact we have conflicting data: http://www.census.gov/const/C30/totsa.pdf Look at the differences between page 1 and 2. Here is the Jan. 2008 construction spending page: http://www.census.gov/const/www/c30index.html In fact, drill down and look at the residential construction: http://www.census.gov/const/C30/residentialsa.pdf I notice that we are back to 2003 levels of construction. Yet what are the headlines stating? http://www.foxbusiness.com/markets/economy/article/construction-spending-nosedives-14year-low_502141_3.html versus: http://www.census.gov/const/C30/release.pdf Yes, it is interesting that the MSM continues with meme when in fact we have conflicting data: http://www.census.gov/const/C30/totsa.pdf Look at the differences between page 1 and 2. Here is the Jan. 2008 construction spending page: http://www.census.gov/const/www/c30index.html

In fact, drill down and look at the residential construction: http://www.census.gov/const/C30/residentialsa.pdf I notice that we are back to 2003 levels of construction. Yet what are the headlines stating? http://www.foxbusiness.com/markets/economy/article/construction-spending-nosedives-14year-low_502141_3.html
versus:
http://www.census.gov/const/C30/release.pdf

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