Tagged: Housing Starts

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The U.S. ‘Recovery’ Is Coming To An End?

Nearly half of modified mortgages are in default   Nearly half of the mortgages modified in 2009 under the Obama administration’s signature homeowner rescue effort are in default again, according to a report on...

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PIMCO founder and co-CIO Bill Gross

On Gross’s view that we may see a sign from Bernanke in April that QE3 will be rolled out:   “I think [Chairman Bernanke] is very satisfied…I think the Fed is outcomes-oriented. They want...

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Singapore Exports Drop on Europe Fallout

From Bloomberg: Singapore’s exports fell for the first time in three months in January on lower electronics and petrochemical shipments, as Europe’s debt crisis crimped demand and the Chinese New Year holiday shortened the...

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Residential builders’ sentiment worsens – MarketWatch

By Steve Goldstein WASHINGTON (MarketWatch) – Confidence in the market for newly built single-family homes dipped slightly in September to remain in very low territory, according to an index released Monday. The National Association...

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From Les Echos interview with John Paulson:

via ZH What do you think the impact of the Japanese crisis will be on the economic recovery and global financial markets? From a human perspective, it is obviously a tragedy. Economically, I do...

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Case Shiller data is out, and it is as horrible as ever

by ZH The Home Price Index came at 140.86 compared to 142.42 previously. Basically the double dip refuses to stop, and that even despite yesterday’s “stunning”(ly irrelevant) pending home sales number.“Keeping with the trends...

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Fed Policy Blows, Spits Out Unemployment

by MoneyMcbags The Fed’s monthly statement on the economy was out today and it was more redundant than a repetitive semantic pleonasm and less telling than a gay soldier (though it’s not clear that...

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Key U.S. Data Release This Week:

Tuesday, September 21 – Housing Starts and Building Permits (Aug.) Starts are expected to have fallen by 0.9% in August. Building permits, though, will bounce up 1.6%. Tuesday, September 21 – FOMC Announcement (Sep.)...

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US double dip indicators to remain strong

This morning, US housing starts are expected to show a further fall-off in demand after the expiry of the homebuyer’s tax credit. Without the US government’s artificial support, the housing market is struggling to...