Posts Tagged ‘news’
May 19th, 2009 | 
Author: Just released Commerce Department figures indicate that U.S. housing starts dropped to a record low of 458,000 in April.
A 13% decline to an annual rate of 458,000 was led by a 46% decline in multi-family starts, compared to March when builders broke ground on 525,000 homes.
Building permits, which are a sign of future construction fell by 3.3% to a record low rate of 494,000 and taken together the two declines suggest that house prices have not yet reached rock-bottom.
So called experts had forecast an increase to a 520,000 annual pace from a 510,000 previously estimated pace the prior month, and they also forecast that building permits would increase to 530,000 annual rate.
But to give credit where it’s due, Maxwell Clarke, who is the chief U.S. economist at IDEAglobal Inc said even before the report came out that, “Weakness in housing continues. Declining prospects for developers should continue to act as a drag on investment and overall output in 2009″.
Overall the housing market is showing some signs of stabilization and confidence amongst U.S. homebuilders in May increased to the highest level since September, and although sales of new homes are still 70% below their 2005 highs, they have risen slightly from their record January lows.
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Posted in builders, building, building permits, Commerce Department, construction, consumer, consumer confidence, crisis, economists, economy, financial crisis, home buyers, home prices, home sales, homebuyers, homes, house prices, houses, housing, housing construction, housing market, Housing Starts, properties, property values, real estate, recession, single-family, US economy | 
Tags: builders, building, building permits, Commerce Department, construction, consumer, consumer confidence, crisis, economists, economy, financial crisis, home buyers, home prices, home sales, homebuyers, homes, house prices, houses, housing, housing construction, housing market, Housing Starts, news | 
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Questions are now continually arising regarding Ki-moon, < !– google_ad_section_start –>as to why such things such as Darfur and Afghanistan, interest him far less than the Middle East.
Does he see some lives as worth less than others, or is he subject to paymasters and overlords?
Dear UN Secretary General Ban< !– google_ad_section_end –> Ki-moon, why are you silent? < !– google_ad_section_start –>We hope that you are doing well, and that you are not overly disturbed by what is going on in the Middle East. We understand that the terrible injustices that are taking place around here are making you lose sleep. We are interested to know whether you perhaps heard something, somehow, maybe as a side-note, about the fact that coalition forces killed dozens of innocents in Afghanistan in one bombing?….< !– google_ad_section_end –>
< !– google_ad_section_start –>Afghans allege dozens of civilian deaths from coalition bombing runs
… opinions regarding the civilian casualties, search of Afghan homes and the arrest of Afghans and, therefore, there are tensions in our relations,’ Karzai told a joint press conference with visiting UN < !– google_ad_section_end –>Secretary-General Ban Ki-moon. …
Headlines: Dozens of Afghan Civilians Killed in U.S. Bombings …
UN Secretary General Ban ki-Moon: “I have no authority to edit or change or alter any recommendation and conclusions of this board of inquiry’s judgement. However, because it contains some very sensitive information, then I decided to …
Posted in Afghanistan, Countries, Darfur, Israel, Ki-Moon, Middle East, news, politics, UN |
Tags: Afghanistan, Countries, Darfur, Israel, Ki-Moon, Middle East, news, politics, UN |
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