"New housing starts rose 21 percent in January from a year ago, the Census Bureau said today, to a seasonally adjusted annual rate of 591,000.
That's up from a record low pace of 479,000 units per year seen in April, but still well off the 1 million to 2 million-a-year range that's been the norm for five decades. During the last boom, housing starts peaked at 2.07 million in 2005.
Single-family home starts were up 36 percent from a year ago, to a seasonally adjusted rate of 484,000 per year."
Inman
"The worst economic meltdown since the Great Depression took its toll on the private housing market in January as the Commerce Department announced that builders started the fewest number of homes on a seasonably adjusted basis since the agency began keeping those records in 1959.
Builders broke ground on an annual rate of 466,000 houses and apartments last month, a 16.8 percent drop below the upwardly revised December estimate of 560,000 and a whopping 56.2 percent below the rate of 1,064,000 units in January 2008, the Commerce Department said.
The number was far below the 529,000 starts that had been predicted in a Bloomberg News survey."
Washington Times
Wednesday, February 24, 2010
THE TRUTH IS STARTING TO LEAK OUT-WHY?
So how do you reconcile these two stories? One hand doesn't know what the other is reporting and the government is losing its ability to control the media and the message. The truth is leaking out. It's almost as though the powers that be don't care if we know. They're getting sloppy. Why?
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