    LifeStraw Personal Water Filter - $19.95 Retail Price: $29.95 You Save: $10.00 from: Eartheasy.com   | charleshughsmith.blogspot.com / By Charles Hugh Smith / THURSDAY, May 24, 2013 About the claim that central banks will never let asset bubbles pop ever again–their track record of permanently inflating asset bubbles leaves much to be desired. The problem with trying to solve all our structural problems by injecting “free money” liquidity into financial Elites [...] zerohedge.com / By Tyler Durden / May 24, 2013, 08:55 -0400 Not only is this ‘housing recovery’ being built without the use of Lumber (as we explained here), but Architects are no longer useful either. The last two months – as homebuilder stocks surge and house prices spike – has seen Architectural billings plunge by [...] streettalklive.com / By Lance Roberts / May 22, 2013 Existing home sales for April came in at 4.97 million from an upwardly revised March reading of 4.94 million (originally 4.92 million.) However, the question remains that with rising home prices, and tightening supply, when do potential buyers get priced out of home ownership? Today’s chart [...] acting-man.com / By Pater Tenebrarum / May 21, 2013 CFNAI and Rail Traffic Growth Both Decline Even while Bloomberg reports that there is now widespread conviction (as a result of rising stock prices no doubt) that the US economy is about to achieve ‘escape velocity’ – whatever that is supposed [...] zerohedge.com / By Tyler Durden / 05/21/2013 17:08 Despite the incessant belief that this must be too-much-new-supply-driven (as opposed to a lack of demand for new home construction), Lumber futures (after hitting limit down once again today) have now officially entered bear-market territory.Front-month lumber prices are down 23% from their highs in mid-March and given [...] zerohedge.com / By Tyler Durden / 05/20/2013 17:13 You know it’s getting frothy when… ”We’re seeing many people cash out 401(k)s or IRAs because they want to take advantage of the [real estate] market.” As CNNMoney reports, in order to get in on hot housing markets, amateur investors are buying up homes and taking [...] zerohedge.com / By Tyler Durden / 05/19/2013 14:40 To those who have already submitted their applications to launder their cash buy an apartment or better yet, have already wired the money to purchase any of the still to be built residences at 432 Park, the 84-story giant that is set to become the tallest residential [...] investmentwatchblog.com / May 17th, 2013 Rail Traffic Continues To Soften This week’s rail traffic reading showed modest improvement over recent weeks, but the longer-term trend remains negative. Intermodal traffic was up 3.9% this week which was an improvement over last week’s reading of 2.8%. The data, however, continues to soften on a rolling 3 month [...] zerohedge.com / By Tyler Durden / May 16, 2013, 09:20 -0400 It is no secret that in addition to the well-known phenomenon of “foreclosure stuffing“, one of the primary drivers of the artificial housing “recovery” has been the surge of hedge funds and asset managers into purchases of rental units courtesy of near-zero cost REO-to-rent [...] zerohedge.com / By Tyler Durden / May 16, 2013, 08:45 -0400 We didn’t really need a confirmation that the economy was deteriorating and completely disconnected from the “market”, but we got it nonetheless. First, Initial Claims coming at 360K, on expectations of 330K, the worst print and worst miss in six weeks, confirming that weekly [...] dailyreckoning.com.au / By Dan Denning / May 14th, 2013 The key to blowing up a successful asset bubble is that you must constantly attract new money into the asset class you’re trying to inflate. By that standard, yesterday’s Australia’s housing finance figures were better than expected but worse than required. The numbers were up. But [...] mybudget360.com / By mybudget360 / May 6, 2013 Household income is a vital measure of the overall well-being for most Americans. This is why it is important to try to understand why overall household incomes are back to levels last seen in 1995. This is a critical barometer that measures the health of the US [...] zerohedge.com / By Tyler Durden / May 2, 2013, 12:27 -0400 Tuesday’s Case Shiller update index showed something very troubling: as a whole, the US housing market in its broadest sense, has barely budged in the past four years (chart). And yet, what is unmistakable, and what has given many the impression that there is [...] dollarvigilante.com / By Gary Gibson / April 29, 2013 It’s odd, but Americans get happier when the roofs over their heads get harder to afford. Over the past hundred years or so, Americans have come to see houses not just as another commodity which should be getting cheaper over time thanks to [...] streettalklive.com / By Lance Roberts / Tuesday, April 23, 2013 Over the last month I have been discussing the deterioration in the economic data (see here,here and here). However, the one bright spot, economically speaking, has been real estate. However, that “bright spot” has come with many caveats since much of the [...] zerohedge.com / By Tyler Durden / April 16, 2013, 09:06 -0400 On the surface, today’s Housing Data was good. Yes, there was a miss in the housing permits number, which declined from a downward revised 939K to 902K, on expectations of a strong 942K print, but let’s ignore that: after all bad news is good [...] zerohedge.com / By Tyler Durden / April 15, 2013, 10:15 -0400 For the fourth month in a row, NAHB’s sentiment index missed expectations. With ‘real’ data on the housing recovery beginning to fade, we now see confidence in the sustainability of the ‘recovery’ starting to fade. Today’s NAHB print is the lowest in six months [...] doctorhousingbubble.com / By Dr. Housing Bubble / April 10, 2013 The spring season is now in full bloom and the real estate market continues to have a wickedly low amount of inventory for sale. According to the California Association of Realtors, annual home sales are now down about 6 percent while the median home price [...] oftwominds.com / By Charles Hugh Smith / April 3, 2013 Demographically, it appears there is a generational glut of single-family suburban homes on the horizon. A trade is officially deemed “crowded” when everyone is rushing into the market with eyes only on the upside and little concern for the downside–for example, buying [...] mybudget360.com / By mybudget360 / March 30, 2013 US households continue to face a declining standard of living. The first obvious item comes from falling incomes. Some of this is being masked by renewed access to debt as banks are once again lending money to over stretched consumers. Yet real wealth recovery this is not. [...] zerohedge.com / By Tyler Durden / 03/28/2013 17:31 The housing recovery was described by one muppet on CNBC yesterday as ‘parabolic’ so we decided to go in search of this mystical anecdotal surge that is so often heard on the airwaves of the preachers. It turns out, the recovery (if that’s what you want to [...] doctorhousingbubble.com / By Dr. Housing Bubble / March 25, 2013 Most people have a hard time with regular math problems, let alone complicated financial instruments like derivatives. So to think that most people are following the movements of the Fed and basing buying decision on this is somewhat unrealistic. The rush to buy homes today [...] globaleconomicanalysis.blogspot.ca / By Mike “Mish” Shedlock / Friday, March 22, 2013 11:39 AM Sticking with his economically insane campaign promise to construct 500,000 new homes in 2013, Hollande Announces 20 Measures to Support Home Building. Advocating a “confidence shock” to revive the building “against the Emergency Economic, social and environmental” the head [...] mybudget360.com / March 21, 2013 Inflation is like the proverbial story of a frog in hot water. Drop a frog in boiling water, it jumps right out. Drop a frog in regular water but slowly raise the heat, and it will slowly boil into oblivion. Inflation has a subtle way of destroying purchasing power. Unless [...] zerohedge.com / By Tyler Durden / 03/20/2013 – 09:56 As part of its 2013 budget, the UK announced something quite dramatic – a government-funded housing subsidy. The government will to commit GBP 3.5 billion of capital spending over the next three years to shared equity loans. The Loans will be up to 20% of the [...] zerohedge.com / By Tyler Durden / March 19, 2013, 09:22 -0400 Today, we got more great news on the housing front as housing starts rose from an upward revised 910K (was 890K) to 917K, modestly beating expectations of a 915K print. This was a blistering number, and as the mainstream media will have you know, [...] globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / March 12, 2013 Housing starts in France will fall to 280,000-300,000 in 2013, the lowest level in 50 years warns developer Nexity. The government wants 500,000 units per year. French president Francois Hollande thinks he knows the proper amount of houses that need to be built. Therefore, Hollande [...] dailyreckoning.com.au / By Greg Guenthner / March 6th, 2013 You’ve seen the ghost cities before. They stretch across the outskirts of dozens of major urban areas, criss-crossed by empty highways. The rows of modern skyscraper apartments are all sold to absent investors. There’s little doubt these scenes create compelling television… But beyond, the gaudy, [...] |
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