Housing Starts Post Modest Improvement, Completions Plunge To All Time Low

Tyler Durden's picture

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Pegasus Muse's picture

Eureka!  You've found it. 

The perfect CNBC descriptor: "Anything to fudge the number"

SheepDog-One's picture

'Housing start', LOL hell thats just pulling a permit. You dont have to move 1 pebble and youve got a house 'started'. 

What a sunshine and unicorn dew chart there huh? 

The Hawk's picture

I've been shorting PHM via leaps and they've been killing me!  It does not make any sense!  PHM is terrible!

HelluvaEngineer's picture

Step 1: Get down payment from gullible buyers
Step 2: Move to South America
Step 3: Profit!

bb5's picture

is this another green shoot?

Shocker's picture

Yes this is another green shoot.

Housing is going down lot more. It has no choice

http://www.dailyjobcuts.com

Unless we start creating real jobs, not Mcdonald paying jobs we are porked.

Thomas's picture

A green shoot growing out of the eye socket of the rotting corpse. Thank god there was no housing bubble, because it would really be bad if there had been.

chunga's picture

I ought to throw a *junk* on that. lol. You made me spray my monitor and keyboard with coffee. Even with my LCD cleaning wipes from China it just smudges and gets worse.

Here's some REAL Green Shoots

Strong fucking language alert...

HedgeFundLIVE's picture

of course, we must paint a bearish picture on ALL news/data releases.  

with that said, to add to bearish tone, yesterday's bounce off the lows seems to have been a short covering rally: http://www.hedgefundlive.com/blog/mondays-bounce-off-lows-looks-to-have-been-a-short-covering-rally

SheepDog-One's picture

LOL yea sure, assisted by massive Bernanke 'invisible hand' billions.

r101958's picture

Actually, an honest, non-candycoated unbiased picture would be best. So, some info that uses critical thinking in the making is most helpful. None to be had on the MSM.

Herne the Hunter's picture

Tent City is booming, I guess...

aVian's picture

after careful calculations, it appears to be infact at freefall speed OKA a controlled demolition.  There was evidence of termite in the data set

faithfulwatchman's picture

With over 4 Million houses sitting empty. I can see the logic to new housing starts...

SheepDog-One's picture

Now everyone sees the Maniacal Monetizer banking cabal can change all the rules at the drop of a hat, people frowning on 'home ownership' as about the biggest riskiest investment you can make.

kiran1234's picture

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tarsubil's picture

Yeah. Isn't it a good thing for the housing market to find the bottom sooner rather than later so it can then begin to recover?

TruthInSunshine's picture

With over 4 Million houses sitting empty. I can see the logic to new housing starts...

 

17 to 19 million houses that are vacant - just sayin'

18.4 Million Vacant Homes in the U.S.A.
I am Jobe's picture

Why are we issuing new permits? WTF, USA the land of lies and spins and artificial crap.

Re-Discovery's picture

Bear raid on SLV.  Predictable. 

Hansel's picture

I clicked the 'full release link,' but I did not get full release.  I want my money back.

Tic tock's picture

You'd think someone with a brain would amend the data points to show spending on 'efficiency improvements to existing stock' on a pay-back basis... it's only a inflationary depression!

TomGa's picture

YoY the number of starts in single-family homes for March has fallen, -21.1%  (+/- 7.1%).  

March 2011 - 422,000

March 2010 - 535,000

 

TruthInSunshine's picture

Nice notation, Tom.

That is dismal.

I can see now that multi-unit starts (e.g. apartments) skewed the numbers.

In any case, they're beyond horrific.

 

Cpl Hicks's picture

Good news for Barry.

Good news for Timmy.

And good news for the local Mexican nail gunners and roofing tackers.

tekhneek's picture

But if you flip the chart up-side down we're doing pretty good. We can do that at this point, right? It's all good?

chimp28976's picture

Well, in one sense it's fudging the number, in another sense it's just reality that Americans won't be living in single-family dwellings in the future. It's a stupid, crazy urban pattern that wastes resources, generates dysfunctional, ugly cities and towns, and ultimately dysfunctional, antisocial people. A positive number, imo.

moneymutt's picture

these graphs are not corrected for change in population...if the were housing starts per capita, this would be way uglier looking

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