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U.S. builders built 700,00 homes, sold 300,000
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TOPIC: U.S. builders built 700,00 homes, sold 300,000
#16974
U.S. builders built 700,00 homes, sold 300,000 2 Years, 1 Month ago Karma: 255
The lies in the U.S. housing market have reached utterly absurd levels. For the last two months, homebuilders have (supposedly) started construction on roughly 700,000 homes, but are only selling a little over 300,000 per month.

And yet (supposedly) inventories are unchanged.



Note that EVERY month for past FIVE YEARS, U.S. homebuilders' "new starts" have been at least 50% higher than sales - and often DOUBLE that figure, and yet there is NEVER any build-up in inventories.

As I've said before, there is only TWO ways this number can be reconciled: either HALF of all U.S. housing starts are complete fiction, OR most of these "housing starts" are actually PRISON CELLS in the private prisons springing up all over the U.S.

Prison cells are the ONLY "housing units" which builders can be paid for WITHOUT having to complete a sale...


"U.S. Housing Heals as Starts Near Three-Year High: Economy"

www.bloomberg.com/news/2012-03-20/housin...three-year-high.html

...Builders broke ground on 698,000 homes at an annual rate, in line with the median forecast of economists surveyed by Bloomberg News and down 1.1 percent from a January pace that was stronger than previously reported, Commerce Department figures showed today in Washington. Building permits, a proxy for future construction, climbed to the highest level since October 2008...

"Purchases of New Houses in U.S. Decrease for Second Month"

www.bloomberg.com/news/2012-03-23/purcha...or-second-month.html

...Sales dropped 1.6 percent to a 313,000 annual pace, the slowest since October, from a 318,000 rate in January that was weaker than previously reported, figures from the Commerce Department showed today in Washington. The median estimate of 78 economists surveyed by Bloomberg News called for 325,000...

There were 150,000 new houses on the market at the end of February, matching the prior month’s record low. The supply of homes at the current sales rate climbed to 5.8 months’ worth from 5.7 months in January.
Jeff Nielson
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Last Edit: 2012/03/23 10:02 By Jeff Nielson.
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#16996
Help me choose a title for my commentary !! 2 Years ago Karma: 255
OK, let's see volunteers step forward to give me some feedback on what would be the best title for my commentary talking about what is REALLY going on in the U.S. housing sector:

"The Mystery of Phantom U.S. Housing Starts"

OR

"The U.S. Prison-Cell Economy"

Which title makes you more curious about what's inside??

Thanks in advance to any who chime-in...
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#16997
Re: Help me choose a title for my commentary !! 2 Years ago Karma: 168
"The U.S. Prison-Cell Economy"

goes well with the goldilocks economy.
samix
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#17000
Re: Help me choose a title for my commentary !! 2 Years ago Karma: 255
Thanks Samix!

Jeff Nielson
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#17001
Re: U.S. builders built 700,00 homes, sold 300,000 2 Years ago  
Jeff I prefer "The Mystery of ...." Sorry Now we need a tie breaker.
Seb1

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#17004
Re: U.S. builders built 700,00 homes, sold 300,000 2 Years ago Karma: 255
Seb1 wrote:
Jeff I prefer "The Mystery of ...." Sorry Now we need a tie breaker.

Seb, knowing your contrarian tendencies around here, I have to wonder whether you created the "tie" on purpose...?


Jeff Nielson
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#17009
Re: U.S. builders built 700,00 homes, sold 300,000 2 Years ago Karma: 204
Jeff,

"How the US Builds a Phantom Housing Market"

Or the "The US Prison Cell-Economy"

Earl
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Last Edit: 2012/03/24 20:53 By Earl.Reason: spelling
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#17018
Re: U.S. builders built 700,00 homes, sold 300,000 2 Years ago Karma: 255
Sorry Earl, no write-in requests allowed.

If you want to create your own titles, write your own commentaries...

Jeff Nielson
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#17020
Re: U.S. builders built 700,00 homes, sold 300,000 2 Years ago Karma: 120
I always enjoy a good mystery.

Loved Nancy Drew when I was young

I vote for "The Mystery of Phantom U.S. Housing Starts"
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#17021
Re: U.S. builders built 700,00 homes, sold 300,000 2 Years ago Karma: 51
Earl wrote:
Jeff,

"How the US Builds a Phantom Housing Market"

Or the "The US Prison Cell-Economy"

Earl


There Are Now More Americans In Jail Than There Were In Stalin's Gulag Archipelago


There are now more Americans in jail -- 6 million -- than there were in Stalin's Gulag, reports Fareed Zakaria, in a column called "Incarceration Nation." And it's not just a relative population thing.

The U.S. has 760 prisoners per 100,000 citizens.
How does that compare to other countries?
It's 7X-10X as high:

Japan has 63 per 100,000,
Germany has 90 per 100,000
France has 96 per 100,000
South Korea has 97 per 100,000
­Britain has 153 per 100,000

And it's also a relatively new phenomenon: In 1980, the U.S. only had 150 prisoners per 100,000 citizens.

What's to blame?
The "War on Drugs."

More than half of America's 6 million prisoners are in jail for drug convictions, with 80% of those in jail for "possession."

By the way, has the "war on drugs" worked?
Um, no.

There are still drugs everywhere.

So, maybe it's time we stopped throwing people in the slammer for possessing them.
Read Fareed Zakaria's column here >

Zakaria: Incarceration nation: globalpublicsquare.blogs.cnn.com/2012/03...ncarceration-nation/
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