Strongest Signal for a Recession Since September 2007

[Samm]

Originally Posted by Dondilion

I agree with this observation. I was just about to post the same.

The housing market has seen very little recovery from its 2006 heathy environment.
Also the economist claiming it is the unseasonal cold month of Jan. either are willfully posting bad opinions or they don't know enough to look at that claim from a regional prospective. Sunny California came in last with no other region within half the drop they showed on both starts and new home permit applications.

[finnbow]

Originally Posted by Samm

The housing market has seen very little recovery from its 2006 healthy environment.

So, the massive real estate bubble fostered by junk-derivatives was healthy, eh?

[Tom Joad]

Originally Posted by Samm

The housing market has seen very little recovery from its 2006 heathy environment.

2006 was a "healthy" year for Real Estate?

Are you shitin me?

That's the year the secretary where I worked who was making $28,000 a year at the time. got a $335,000 mortgage to buy a house with no money down that now has a market value of at best $150,000. She was in foreclosure in about six months after she closed.

Yeah, that was healthy all right.