{"id":10705,"date":"2011-12-20T18:22:28","date_gmt":"2011-12-20T23:22:28","guid":{"rendered":"http:\/\/blog.beliefnet.com\/watchwomanonthewall\/?p=10705"},"modified":"2011-12-20T18:22:28","modified_gmt":"2011-12-20T23:22:28","slug":"housing-starts-jumped-9-3-in-november-however","status":"publish","type":"post","link":"https:\/\/www.beliefnet.com\/columnists\/watchwomanonthewall\/2011\/12\/housing-starts-jumped-9-3-in-november-however.html","title":{"rendered":"Housing starts jumped 9.3% in November — HOWEVER…"},"content":{"rendered":"
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Home Sweet Home, or at least it used to be, until I couldn’t pay the mortgage payments and I couldn’t sell it because I owed more than I could get (underwater mortgage) so it was foreclosed by the bank.<\/em><\/p>\n<\/div>\n

“””””””””””””””<\/p>\n

WHAT YOU’RE HEARING FROM THE MEDIA AND GOVERNMENT<\/strong><\/p>\n

Housing starts jumped 9.3% in November, according to the Commerce Department, to the highest level since April 2010.<\/strong><\/p>\n

<\/strong>The year-over-year increase works out to 24.3%, driven mostly by construction of apartment complexes for all those people who can no longer afford to be \u201cowners\u201d of underwater properties.<\/strong><\/p>\n

Permits, an indicator of future trends, rose 5.7% month over month, and 20.7% year over year.<\/strong><\/p>\n

“””””””””””””””<\/p>\n

\n

\"\"<\/p>\n

This is where my family lives now in my one-room apartment. Our brand-new living quarters, and we’re helping to boost the stats about the housing starts, but that brings me no joy. \u00a0Makes the government\u00a0happy though. They brag it up!<\/em><\/p>\n

 <\/p>\n

 <\/p>\n

“”””””””””””””””””<\/p>\n

 <\/p>\n

HERE’S HOW THEY LIE!<\/strong><\/p>\n

 <\/p>\n

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\n

WASHINGTON (MarketWatch) — New construction of U.S. houses rose 9.3% in November to a seasonally adjusted annual rate of 685,000 – the highest annual rate since April 2010 — with multi-family activity leading growth, according to Commerce Department data released Tuesday. Starts for multi-family residences rose 32.2% in November to a rate of 230,000, the highest level since September 2008. Meanwhile, starts of new single-family homes rose 2.3% to an annual rate of 447,000. Starts in October were revised down to 627,000 from a prior estimate of 628,000. Economists polled by MarketWatch had expected an annual rate of 635,000 for starts in November. Building permits, a leading indicator of housing construction, rose 5.7% to a seasonally adjusted annual rate of 681,000, the highest annual rate since March 2010.<\/p>\n

Read More:\u00a0Housing starts highest since April 2010<\/a>
\nhttp:\/\/www.marketwatch.com\/story\/nov-housing-starts-up-93-to-685000-annual-rate-2011-12-20-830180?siteid=bnbh<\/a><\/p>\n<\/dd>\n<\/dl>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Home Sweet Home, or at least it used to be, until I couldn’t pay the mortgage payments and I couldn’t sell it because I owed more than I could get (underwater mortgage) so it was foreclosed by the bank. “”””””””””””””” WHAT YOU’RE HEARING FROM THE MEDIA AND GOVERNMENT Housing starts jumped 9.3% in November, according…<\/p>\n","protected":false},"author":403,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,599,256,1367,704,223,705,1680,174,2859,1430,35,68,450,434,429,2838,806],"tags":[3845,3846],"class_list":["post-10705","post","type-post","status-publish","format-standard","hentry","category-america","category-big-government","category-brainwashing","category-deceptions-and-lies","category-economics","category-economy","category-government-2","category-injustice","category-jobs","category-misleading-headlines","category-news-2","category-obama","category-political-correctness","category-politics","category-propaganda","category-society","category-wake-up-america","category-warning","tag-flawed-stats","tag-housing-starts"],"yoast_head":"\nHousing starts jumped 9.3% in November - 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