NY Empire State Index Jun; NAHB Housing Index
NY Empire State Index Jun -8.7 vs -3.2 Full Report
Inside the number: Continued deterioration, falling; new orders -5.5 vs -0.5; shipments -6.5 vs +4.5; unfilled orders -10.5 vs -4.3; average workweek -2.3 vs +1;
Is anything increasing? stagflation in prices received 26.7 vs 15.2. Investing less in structures and computers...
Supplemental report shows manufacturers were more restrained, on balance, in every broad category of capital spending in 2008 than they had been in 2007.
NAHB/Wells Fargo Housing Index Jun 18 vs 19 Full Report
Inside the number: matching the all time low. NAHB Chief Economist David Seiders:
"Clearly, conditions in the housing market remain very weak, and our builder members are not seeing any signs of improvement.
Indeed, the continuing erosion of employment and consumer confidence/sentiment, coupled with surging energy costs,
falling house prices and rising home mortgage foreclosures, pose considerable downside risks to the economy and our housing forecast.
A targeted stimulus such as a temporary home-buyer tax credit would help turn this situation around and restore housing as an engine of economic growth."
NAHB CEO Jerry Howard also begged Congress for more bailouts:
"Each week that goes by, another 15,000 workers are losing their jobs and 47,000 families are entering foreclosure.
Home equity has fallen by $879 billion during the past year alone. How many more Americans have to suffer before Congress will act?"
The Nattering One muses... I feel like the kid in the Sixth Sense, except, I see dumb people...
banks, mortgage lenders, Wall Street investment banks and borrowers drowning in their self inflicted quicksand of debt.
These addicts and greed based investors opine for help, I query, do you need a hand? They reach out...
I extend my right leg and firmly place one of my feet atop their head... while pushing down...
I admit, I am glad to assist, to end the pain of this mess, by drowning them quicker.
Inside the number: Continued deterioration, falling; new orders -5.5 vs -0.5; shipments -6.5 vs +4.5; unfilled orders -10.5 vs -4.3; average workweek -2.3 vs +1;
Is anything increasing? stagflation in prices received 26.7 vs 15.2. Investing less in structures and computers...
Supplemental report shows manufacturers were more restrained, on balance, in every broad category of capital spending in 2008 than they had been in 2007.
NAHB/Wells Fargo Housing Index Jun 18 vs 19 Full Report
Inside the number: matching the all time low. NAHB Chief Economist David Seiders:
"Clearly, conditions in the housing market remain very weak, and our builder members are not seeing any signs of improvement.
Indeed, the continuing erosion of employment and consumer confidence/sentiment, coupled with surging energy costs,
falling house prices and rising home mortgage foreclosures, pose considerable downside risks to the economy and our housing forecast.
A targeted stimulus such as a temporary home-buyer tax credit would help turn this situation around and restore housing as an engine of economic growth."
NAHB CEO Jerry Howard also begged Congress for more bailouts:
"Each week that goes by, another 15,000 workers are losing their jobs and 47,000 families are entering foreclosure.
Home equity has fallen by $879 billion during the past year alone. How many more Americans have to suffer before Congress will act?"
The Nattering One muses... I feel like the kid in the Sixth Sense, except, I see dumb people...
banks, mortgage lenders, Wall Street investment banks and borrowers drowning in their self inflicted quicksand of debt.
These addicts and greed based investors opine for help, I query, do you need a hand? They reach out...
I extend my right leg and firmly place one of my feet atop their head... while pushing down...
I admit, I am glad to assist, to end the pain of this mess, by drowning them quicker.
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