Little noted is the fact that, while May’s payroll employment release surprised on the upside, the household series were providing conflicting indications.
Category Archives: housing
Not dead yet
We’re still not seeing the deterioration in economic conditions that some had been expecting.
Bernanke on subprime mortgages
If Bernanke isn’t worried about subprime mortgages, should you be?
Follow up on Housing Permits and Housing Starts: Do Permits “Predict”
In an earlier post on investment, I made the assertion that housing permits led housing starts. This assertion was contested by a number of observers (GWG, rana, spencer, CalculatedRisk). I’ve decided to revisit this question, since clearly, the best characterization of the stylized facts takes on heightened importance given the yesterday’s release, as discussed by Bloomberg:
Why hasn’t construction employment plunged?
We’re well into a severe housing downturn by every measure except for the number of people working in residential construction.
Current economic conditions improve
Let’s admit it– the other shoe is not yet dropping.
More on Freddie Mac and Fannie Mae
More data, that is, and more questions.
The Subprime collapse and the housing market: a bubble or “looting”
Jim Hamilton’s recent post “Bubble, bubble, toil, and trouble” elicited a tremendous amount of commentary — and incredulity — amongst the readers.
New and existing home sales
Bubble, bubble, toil, and trouble
It didn’t look to me like a bubble on the way up, and it doesn’t look to me like a bubble on the way down.