July New Housing Plummets to 6 1/2 Year Low

News like that won't get a sniff in here as long as the dems are running things.

 

Maybe the fed should stop raising interest rates then

 

How do you curb inflation if you don’t decrease demand?

 

An alternate phrasing would be that we can tell inflation is waning because those who need something to complain about have shifted to complaining about demand.

 

Yeah, it seems like a couple folks would benefit from an economics class.

 

Increase supply?

Destroying demand sure is easier though. Almost as easy as constraining supply.

 

Disagree ... inflation is seen largely in the building supplies, like wood. If you increase house construction, you'd almost certainly keep the building supply prices high.

 

You are correct regarding real estate. I was speaking in larger economic generalities.

 

While the housing news is definitely bad news in the short term it will also tamp down the rate of inflation. It could also mean that Fed will increase interest rates less than originally anticipated following its meeting in September.

 

You mean after months and months of record sales figures it didn't go on forever?

 

Likely a recession, but some pockets of good and some pockets of bad by industry. I would prefer we all take our lumps now and not have a protracted recession with poor decisions by Trump appointee Jerome “Printing Machine” Powell.

 

Poster would be first in line to post about the "failure of the Biden Admin.to curb inflation" if the housing starts had increased. Would it be duplicitous or simply dupe?

 

Well, then it would have been Trump’s economy and Biden riding his magic carpet. Trump’s economy Reminds me of this thread:

Creepiest Music Video Ever?

 

Labor, materials are strained beyond capacity limtd

 

There is no housing bubble.

 

All this will do is push up the price of rent. That will hurt those who can’t afford to handle the increases.

Need to clear a path for building. We’ve under built for a decade. We are now getting further behind. Raising interest rates doesn’t reduce the demand for a place to live.

 

ET's been getting econ classes here just about all summer. ET should pay extra.