July 17, 2015

Housing: It’s All About the Rent, ‘Bout the Rent (Not Buying)

Filed under: Economy,Taxes & Government — Tom @ 10:17 am

From Zero Hedge, in reaction to the Census Bureau’s June New Residential Construction report:

… in the New Paranormal, it is all about renting.

Moments ago the Census Bureau released the housing starts and permits data for June. And, sure enough, when it comes to single-family starts and permits, there was barely much of a change: in June single-family starts (blue line) declined from 691K to 685K, the lowest level since March. However it was the Multi-family, aka rental housing (red line), where the action has never rarely been more frantic …

… But this was nothing compared to what is just over the horizon, aka in permits, where single-family against as barely notable, rising to 687K, or about half the pre-crisis peak. But, once again, it was multi-family units where all the action was …

It also means that a conventional housing recovery in the US is now dead: the builders have spoken and what the next generation wants is to rent, not to buy.

More “fundamental transformation.”

Friday Off-Topic (Moderated) Open Thread (071715)

Filed under: Lucid Links — Tom @ 6:05 am

This open thread is meant for commenters to post on items either briefly noted below (if any) or otherwise not covered at this blog. Rules are here.

Positivity: Byte-sized faith —Young priests launch new Catholic podcast

Filed under: Positivity — Tom @ 6:00 am

From Rome:

Jul 16, 2015 / 04:02 am (CNA/EWTN News).- Podcasts are arguably the greatest comeback-kids of the internet. Once thought to be slowing fading into oblivion, the boom of smartphones and Bluetooth technology, and hits like “Serial,” brought the medium back with a force.

There are podcasts about every subject under the sun, from sports to mystery stories to in-depth explanations of how things work (think Mr. Rogers’ picture-picture, but for adults), and often the listener has to commit 20 or more minutes to get the full story. While these can be perfect for long road-trips or time-sucking commutes, sometimes listeners don’t have much time to devote to a podcast.

And that’s where Catholic Bytes wants to step in. It’s a new podcast started by three young American men – two priests and one deacon – studying in Rome who want to tell everyone about the beauty of Catholic faith and culture in, well, byte-sized pieces.

“Each episode is under 10 minutes, and therefore it can be easily listened to while traveling to and from school or work, during a break, or whenever you have a few minutes to spare,” Catholic Bytes co-creator Deacon Greg Gerhard told CNA.

Just because the podcast is brief, does not mean it will lack depth. Rome is a great place to access all kinds of Catholic experts in various vocations and fields, co-founder Fr. Andrew Mattingly said, allowing Catholics and those curious about Catholicism from around the world to learn from them without having to travel all the way to the Vatican. …

Go here for the rest of the story.