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May Home Construction Data Paint Gloomy Picture
Fox Business/Reuters ^ | 17 June 2014

Posted on 06/17/2014 6:50:19 PM PDT by Lorianne

Edited on 06/17/2014 6:59:38 PM PDT by Admin Moderator. [history]

U.S. housing starts and building permits fell more than expected in May, suggesting the housing recovery will likely remain slow for a while.

Groundbreaking for homes fell 6.5 percent to a seasonally adjusted annual pace of 1 million units, the Commerce Department said on Tuesday.


(Excerpt) Read more at foxbusiness.com ...


TOPICS: Business/Economy
KEYWORDS:

1 posted on 06/17/2014 6:50:19 PM PDT by Lorianne
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To: Lorianne

Things are still booming in TX. New houses/subdivisions, everywhere.....as far as the eye can see.


2 posted on 06/17/2014 6:51:43 PM PDT by Jane Long ("And when thou saidst, Seek ye my face; my heart said unto thee, Thy face, LORD, will I seek")
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To: Lorianne

3 posted on 06/17/2014 6:51:44 PM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: Lorianne

“Unexpected.” Probably caused by those two tornados that hit Nebraska yesterday.


4 posted on 06/17/2014 6:52:11 PM PDT by FlingWingFlyer (Obama's smidgens are coming home to roost.)
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To: Lorianne

Housing starts down, new car sales down. The economy is booming. At least that’s the party line for the economists


5 posted on 06/17/2014 6:56:20 PM PDT by PAR35
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To: Jane Long

Things are still booming in TX.”

I need to replace my driveway but the contractor says best not start until he can find someone who has time to deliver concrete. Been waiting several weeks now. Everybody is tied up with new construction. Katy is now the new energy corridor and by the time fall rolls around it’s going to be real crowded out there.


6 posted on 06/17/2014 7:17:23 PM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: Grams A

Yep! When commercial construction is booming, residential usually is, too.

Both are off the charts, in TX.

It’s good to be in TX....may God continue to bless the Lone Star state.


7 posted on 06/17/2014 7:21:29 PM PDT by Jane Long ("And when thou saidst, Seek ye my face; my heart said unto thee, Thy face, LORD, will I seek")
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To: Lorianne

Due, no doubt, to April’s terrible weather, or something.


8 posted on 06/17/2014 7:37:08 PM PDT by AD from SpringBay (http://jonah2eight.blogspot.com/)
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To: Jane Long

I was just going to say they didn’t check here! lol


9 posted on 06/17/2014 8:00:49 PM PDT by WhyisaTexasgirlinPA
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