{"id":1493364,"date":"2024-10-01T22:25:00","date_gmt":"2024-10-02T02:25:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1493364"},"modified":"2024-10-01T22:25:00","modified_gmt":"2024-10-02T02:25:00","slug":"housing-starts-are-tumbling-as-completions-soar-its-very-recessionary","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/housing-starts-are-tumbling-as-completions-soar-its-very-recessionary\/1493364\/","title":{"rendered":"Housing Starts Are Tumbling As Completions Soar, It’s Very Recessionary"},"content":{"rendered":"

Housing Starts Are Tumbling As Completions Soar, It’s Very Recessionary<\/span><\/p>\n

\n

Authored by Mike Shedlock via MishTalk.com,<\/em><\/a><\/p>\n

The discrepancy between housing starts and completions is the largest since 1980.<\/strong><\/em> Let\u2019s discuss…<\/p>\n

<\/a><\/p>\n

Data from the Census Department, calculation and chart by Mish<\/em><\/p>\n

The DotCom bust was unrelated to housing. Most recessions impact housing or housing busts lead to recession.<\/p>\n

The single-family stats aren\u2019t good, but they aren\u2019t as bad.<\/p>\n

Single Family Housing Starts Minus Completions<\/strong><\/h2>\n

<\/a><\/p>\n

The next chart puts the discrepancy into proper perspective.<\/p>\n

Housing Starts and Completions<\/strong><\/h2>\n

<\/a><\/p>\n

Housing Starts Minus Completions Detail<\/strong><\/h2>\n

<\/a><\/p>\n

The Strong Economy?<\/strong><\/h2>\n

Fed Chair Jerome Powell put on a strong display during the FOMC press conference.<\/p>\n

But if the economy was as strong as Powell let on, the Fed arguably should have not cut rates at all.<\/p>\n

On September 19, I noted\u00a0Existing Home Sales Decline for the 24th Time in 31 Months<\/a><\/p>\n

From a year ago sales are down 2.5 percent. Sales are down 39 percent from the January 2022 high.<\/p>\n

The Ominous Reason Continued Unemployment Claims Have Improved<\/strong><\/h2>\n

Also, please note\u00a0The Ominous Reason Continued Unemployment Claims Have Improved<\/a><\/p>\n

The brief synopsis is unemployment benefits are expiring rapidly.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nTue, 10\/01\/2024 – 18:25<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/personal-finance\/housing-starts-are-tumbling-completions-soar-its-very-recessionary<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Housing Starts Are Tumbling As Completions Soar, It’s Very Recessionary Authored by Mike Shedlock via MishTalk.com, The discrepancy between housing starts and completions is the…<\/p>\n","protected":false},"author":0,"featured_media":1493365,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1493364","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1493364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1493364"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1493364\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1493365"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1493364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1493364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1493364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}