March 16, 2011

Obama Economy Breaks New Records — For Housing Industry Lows

Filed under: Economy,Taxes & Government — Tom @ 9:25 am

flatlineCan’t wait to see how the press tries to spin this.

Here are the February housing industry numbers released this morning by the Census Bureau:

The industry continues to contract. Government policies and programs have everything to do with it.

Meanwhile, the administration is focused on shaking down home lenders, and appears to have no interest in undoing its interventionist damage.

Perhaps the rest of the economy is recovering, but in housing, it’s still “Rebound? What Rebound?

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UPDATE, 1:45 p.m.: Cover your ears first. …

… Okay. The warning came because the following graph found at Zero Hedge is screaming “Rebound? What Rebound?” —

HOUST_Max_630_378

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2 Comments

  1. The Spin: We’ve reached the bottom, there is nowhere to go but UP!

    Comment by dscott — March 16, 2011 @ 3:40 pm

  2. [...] numbers from the Census Bureau and ignored the raw (i.e., not seasonally adjusted) monthly data. As noted here, February’s on-the-ground total of 32,700 was the the lowest for any February in over 50 [...]

    Pingback by BizzyBlog — March 18, 2011 @ 4:55 pm

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