U.S. housing starts jump 15%, hit 17-month high

Marketwatch ^ | 10.19.11 | Steve Goldstein

[org.whodat]

As I said, anyone one with good credit and a down payment can buy a home, that is the same as it has always been. But unless it was a home that I had always wanted, I would hold off buying for at least 24 months, we may be close to a long bottom by then, homes sales will have pimple like growth bumps for the next twenty years. Why build new homes 25+++ baby boomers are planning on leaving.

[Longbow1969]

Seems like the economic news lately has been strong enough to suggest we are not going into a double dip recession. At least for the last few weeks, the economic reports seem to be routinely better than expected much of the time.

I have a hunch the unemployment rate is going to start dropping as well. As people begin exhausting their 99 weeks of benefits, they will finally be forced to get jobs - and that is going to lower the rate. Gallup is showing unemployment dropping off fairly significantly, so my guess is we get under 9% when the October numbers come out - maybe as low as 8.8% or so.

[Nachum]

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[dools0007world]

Exactly! What has changed economically to account for this demand? Nothing. Absolutely nothing. Fact is, things are getting worse not better.

This is just another phoney baloney government number that will be “surprisingly” and unexpectedly” revised or otherwise disproved by next week.