Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Housing starts hit highest in four years

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » General Discussion Donate to DU
 
No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-20-12 09:36 AM
Original message
Housing starts hit highest in four years
Housing starts rose to their highest rate in more than four years in October, suggesting the housing market recovery was gaining steam, even though permits for future construction fell.

<snip>

The housing market has turned around after an unprecedented collapse that landed the economy in its worst recession since the Great Depression. The recovery, marked by rising home sales, prices and building activity is being driven by pent-up demand against the backdrop of record low mortgage rates.

The Federal Reserve has targeted housing as a channel to boost growth, announcing in September that it would buy $40 billion in mortgage-backed securities per month until the outlook for employment improved substantially.


http://www.nbcnews.com/business/economywatch/housing-st...



Weren't mortgage-backed securities what caused the housing crash of 2008?

Refresh | +2 Recommendations Printer Friendly | Permalink | Reply | Top
Enthusiast Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-21-12 07:28 AM
Response to Original message
1. 40 billion is securities a month?
That's like as expensive as the Afghan War. Holy crap! But we must cut social security and medicare because they are causing the deficit. We must build a new bubble!
Printer Friendly | Permalink | Reply | Top
 
formercia Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-21-12 07:39 AM
Response to Original message
2. When you get evicted, the Fed will own your home
Lovely thought. Not.
Printer Friendly | Permalink | Reply | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Fri Dec 26th 2014, 08:01 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC