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by WARREN MOSLER Worse than expected and in contraction year over year: Highlights The housing market firmed in the early Spring but has since flattened out. Existing home sales came … Read more
China says the existing US tariffs against the country must first be removed if Washington wants any trade deal with Beijing. China’s Commerce Ministry spokesman Gao Feng announced the condition … Read more
by WARREN MOSLER Bad: Highlights Mortgage rates began to move down in December but it wasn’t soon enough to help the month’s resales. Existing home sales fell a sharper-than-expected 6.4 … Read more
by WARREN MOSLER Up some but the chart not looking so good: Highlights Mostly goods news finally greets the housing sector as both starts and permits are showing an uplift … Read more
by Michael Snyder Things just continue to get even worse for the U.S. housing industry. New homes sales have been absolutely plummeting, homebuilder stocks have lost over a third of … Read more
by: JD Heyes (Natural News) Enough voters in enough House districts around the country chose enough Democrats to give them the majority after eight years of the chamber being led … Read more
by Macropod Why do I ask? When I visited China last month, I learned that an apartment in Beijing and Shanghai costs $10,000 USD per sq. ft. Yeah, whoah! Not … Read more
by Thinker History continues to reveal, that it isn’t the health of Americans the majority are trying to fix, but the never ending flow of dollars that prop and keep … Read more
via Bloomberg: Renters finally have reason to rejoice: their housing costs dropped last month for the first time in six years. The median rent for apartments, single-family homes and other … Read more
by WARREN MOSLER Highlights Amid a backdrop of rising inflation pressures, sharp slowing in the services PMI sample pulled down September’s composite flash and masks a strong showing for manufacturing. The PMI … Read more
by WARREN MOSLER Heading lower from already depressed levels: Highlights The headline shows a decline but the message from the July new home sales report is nevertheless mostly positive. New … Read more
via Bill McBride From the NAR: Existing-Home Sales Slip 0.7 Percent in July Existing-home sales subsided for the fourth straight month in July to their slowest pace in over two years, according … Read more
via Mike Mish Shedlock Existing home sales declined for the third month, fourth year-over-year. May sales were revised lower. The National association or Realtors (NAR) reported existing home sales for June … Read more
from Zero Hedge Following a disappointing April for home sales data, and weakness in May’s building permits data, our fiorst glance at May sales suggests all is not well. Existing home sales … Read more
THE INTENSITY OF THE IMMIGRATION DEBATE, EXPLAINED: The fact that the Bush’s are supporting the illegal immigrants should tell everyone that Trump is on the Right side of this issue. h/t … Read more
by WARREN MOSLER More weakness: Highlights Yesterday’s new home sales report showed less strength than expected while today’s existing home sales results are outright disappointing. Sales fell 2.5 percent in April … Read more