| Submit your comments on this article |
| Economy |
| Here's a Really Good Sign the Economy Is Rebounding |
| 2017-07-22 |
| [Fortune] Residential construction rebounded from a three month decline in June with housing starts increasing to 1.22 million, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. The number of housing projects started last month shows an 8.3% increase from the May figures and a 2.1% increase from June of last year. Homebuilders still have the rising cost of lumber and a skilled labor shortage to contend with while they're trying to gain momentum. But it's not for nothing that housing starts outperformed economist estimates by about 60,000, or 5%. |
| Posted by:Besoeker |
| #4 The nail roll companies that make the nails for the nail guns and screws for the screw guns have not had a good year. That's a far more accurate number than any from a banker or economist. |
| Posted by: 3dc 2017-07-22 17:41 |
| #3 Car sales are down. Light duty PUs have offset the decline in autos which probably means more people are going to work. Car and truck sales over time. |
| Posted by: JohnQC 2017-07-22 15:09 |
| #2 Banks are desperate to push money out the door as long as there is a reposessable asset in play and you can fog a mirror. |
| Posted by: ed in texas 2017-07-22 10:36 |
| #1 So banks are lending money again. |
| Posted by: Skidmark 2017-07-22 07:56 |