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More "good news" from the Biden economy

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Subject: More "good news" from the Biden economy
Date: Tue, 16 Aug 2022 20:03:43 -0400
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by: NoBody - Wed, 17 Aug 2022 00:03 UTC

New Construction Continues Downward Trend Amid Housing Slowdown

"New home construction slipped in July as builders responded to
slowing demand by pulling back, the Census Bureau reported on Tuesday.
[

READ: Builders Turn More Gloomy in August ]

Starts fell 9.6% to 1.45 million annually while permits dipped 1.1% to
1.674 million as rising mortgage rates and elevated prices kept buyers
on the sidelines. The report follows Mondays release of the National
Association of Home Builders confidence index for July, which showed
a 6 point slide from June.

Homebuilder confidence turned negative in August, driven by declines
in all three components of the index: current single-family home
sales, future sales expectations, and traffic of prospective buyers,
said Odeta Kushi, deputy chief economist at First American, a title
insurer."

https://www.usnews.com/news/economy/articles/2022-08-16/new-construction-continues-downward-trend-amid-housing-slowdown

Let's go Brandon!

Don't let your status become too quo!

interests / alt.politics / More "good news" from the Biden economy

Subject	Author
More "good news" from the Biden economy	NoBody