In the California city of Petaluma, which covers less than 15 square miles, there are currently 16 gas stations. But there will never be another one, even if one of the existing stations goes out of business. The ones that …
Forget 15 minute cities. In Saudi Arabia, construction is underway for a 5 minute city, known as 'The Line', where nine million inmat—"residents" will be densely populated into an AI controlled, "zero emissions" smart city, presented as some kind of …
NOW – Skyscraper under construction on fire in Hong Kong.https://t.co/AvoeElDguc — Disclose.tv (@disclosetv) March 2, 2023 #BREAKING #CHINA #HONGKONG 🔴CHINA :#VIDEO MASSIVE FIRE AT A $764 MILLION, 42-STOREY HIGH-RISE CONSTRUCTION SITE IN TSIM SHA TSUI DISTRICT, NEAR KOWLOON, HONG KONG!#BreakingNews …
https://twitter.com/AndyGreensky/status/1630721468286861321?ref_src=twsrc%5Etfw h/t A Deplorable Neanderthal
Texas has resumed building a wall along the state’s border with Mexico, after months of negotiations with private property owners. Texas Gov. Greg Abbott boasted about building a wall along the U.S.-Mexico border on Sunday, posting a video on social …
by BoatSurfer600 Source: https://wolfstreet.com/2023/01/19/residential-construction-splits-multifamily-starts-in-2022-jumped-to-highest-since-1980s-boom-single-family-starts-dropped/ US Existing Home Sales decrease -1.47% M/M — largest ever annual drop
https://t.co/JP1q6Ui86N — James Melville 🚜 (@JamesMelville) December 1, 2022 https://www.dutchnews.nl/news/2017/10/dutch-investors-launch-new-marketing-programme-for-nl-tristate-city/ h/t DBA
I think top authority's focus right now is on implementation of newly announced "optimized"Covid measures by local govts, and crackdown on extra curbs imposted by local govts which had been widely complained.Remember, the Spring Festival falls in Jan 2023. — …
The recent surge in mortgage rate is occurring at a time that the Federal Reserve has stopped buying mortgages backed securities (MBS) and is now allowing its holdings of MBS to mature off its balance sheet at a pace of …
by silvertomars With interest rates rising this is going to be a bubble ready to pop
by BtcKing1111 Pre-construction buyers of an estimated 950,000 units across 286 project sites are refusing to pay mortgages on buildings that have stalled construction for more than a year, since Evergrande’s collapse. This totals an estimated USD $100 billion in …
by Boo_Randy More housing bubble dominoes toppling in Australia. The wipeout of fake wealth created by fake central bank “money” is going to be downright Biblical when Housing Bubble 2.0 implodes. https://www.news.com.au/finance/business/other-industries/australian-construction-contractor-fsa-services-group-collapses-owing-106m/news-story/ea93d04ce83e7ce81d8beeda58ea2c71 More than a hundred employees have been impacted …
by AC We had a $400,000 job done at the place I work at over the winter. There were some delays and they still haven’t finished. The company just sent us a letter demanding their money. Even though the job …
by confoundedinterest17 Well, at least construction materials are growing more slowly than energy prices! The Producer Price Index for Construction Materials rose at a 34.7% YoY pace in November. So it is no surprise that the median sales price for …
DHS announced Monday it’s taking over filling and fixing border wall gaps from the Pentagon after the Biden administration halted construction on Day One Secretary Alejandro Mayorkas says there’s a need to address ‘life, safety, environmental, and remediation requirements for …
by laflammaster Related: Substantial slowdown of China’s giant housing market is occurring.
New construction home prices are at unseasonable highs, as the median U.S. new home price of $390,900 in August remained commensurate with July’s record. This increase in pricing is outpacing the national median household income, which has decreased 2.9% from …
This segment originally aired on August 25, 2021. Gregory Daco, Oxford Economics Chief U.S. Economist, joins Yahoo Finance the discuss Oxford Economics’ latest housing report and outlook on the housing market. Don’t Miss: Valley of Hype: The Culture That Built …
Construction is under way at Melbourne’s Centre for National Resilience – the unwieldy name given to the new quarantine facility in Mickleham – with the camp set to open by the end of the year. A community engagement session was …
Greg Hunter & C.H.: Hyperinflation Will Collapse Biden Administration! A 1-min. video of the m$m all robotically incantating the same verse, that lies are being spread on social media. SCARY/FUNNY: White House quietly signals inflationary run could last years The White …
by confoundedinterest17 U.S. lumber futures rallied as much as 4% to $1,541 per 1,000 board feet Wednesday, the highest ever for a most-active contract. The surge came as voracious home-construction and renovation demand sends builders scrambling to secure the wood they need. Prices have …
by confoundedinterest17 Today’s 3-month Treasury auction revealed an even lower 3M high yield rate than the previous auction. The 3M high yield was 0.015%. The ultra-low yield comes after The Fed increased their Treasury bill holdings in late 2019 and early …
by confoundedinterest17 Hammer Time! Aka, can’t touch this … housing construction report. Construction of new homes surged in March to the highest since 2006, just after the peak of the house price bubble in 2005. There is a critical shortage of homes …
https://www.youtube.com/watch?v=JiWLafW3zU4 An extreme housing crash is ahead! In face of highly inflated home prices, rising mortgage rates, shortages of construction materials, an anemic inventory, and the coming expiration of the mortgage forbearance period, consumer confidence hit record lows. Even though …
Democrats want to undo America. They hate this country. h/t Jwnlwplus4
by WARREN MOSLER Not looking good: Not looking good: In contraction: South Korea March exports contract for fourth month (Reuters) Overseas sales slid 8.2 percent in annual terms in March. Imports shrank by 6.7 percent in March from a year …
by WARREN MOSLER Gone negative year over year adjusted for inflation: This series looks to me like it’s flattened and adjusted for inflation remains well below 2008 highs, and hasn’t fully recovered from the collapse of oil capex at …
by confoundedinterest Today is a double whammy for bad news for the US economy. First, The Census Bureau monthly construction spending report reveals that highway and street spending rose 11.7% in January. The biggest decline was communication spending. BUT, US residential construction …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Residential Construction Skids, Nonresidential Construction Stagnates. The delay gave markets a break from lousy data. OK, it looks like GDP growth, released last week for the fourth quarter (+2.6% annualized rate), will be revised lower on …
by WARREN MOSLER Bad. All sectors decelerating and residential looking down year over year: U.S. auto sales tumbled 2.8 percent in February (Detroit News) Overall sales for the month tumbled 2.8 percent from the same month a year ago, …