Proof That US Housing Bubble is Back to 2006 Levels & Getting Worse? Housing Starts at 13yr Highs

[The Lawspeaker]

https://www.youtube.com/watch?v=-6VEyo6J-8U

A new Jan. 17 report by CNBC showed that “U.S. home building surged to a 13-year high [16.9%] in December as activity increased across the board” [emphasis added]. Housing starts spiked 16.9 percent to a “seasonally adjusted annual rate of 1.608 million units last month, the highest level since 2006,” [emphasis added] noted CNBC. This follows a trend, as recent economic reports showed consumer confidence at the highest levels in nearly 20 years. To put the housing situation into context, CNBC reported that “economists polled by Reuters had forecast housing starts would increase to a pace of 1.375 million units in December.” So their predictions were off by a whole 233,000 units.

Full Article Here: Trump Economy: U.S. Housing Starts Skyrocket to 13-Year High: https://www.newsbusters.org/blogs/bus... (https://www.youtube.com/redirect?q=https%3A%2F%2Fwww.newsbusters.org%2Fblo gs%2Fbusiness%2Fjoseph-vazquez%2F2020%2F01%2F17%2Ftrump-economy-us-housing-starts-skyrocket-13-year-high&event=video_description&v=-6VEyo6J-8U&redir_token=MRlAJ9bldKBMipxhJkZ-mCOTPzJ8MTU3OTQ4Mjc2OEAxNTc5Mzk2MzY4) What are "Housing Starts?" Investopedia definition here: https://www.investopedia.com/terms/h/... (https://www.youtube.com/redirect?q=https%3A%2F%2Fwww.investopedia.com%2Fte rms%2Fh%2Fhousingstarts.asp&event=video_description&v=-6VEyo6J-8U&redir_token=MRlAJ9bldKBMipxhJkZ-mCOTPzJ8MTU3OTQ4Mjc2OEAxNTc5Mzk2MzY4) U.S. housing starts surge to 13-year high, gov't figures show https://www.upi.com/Top_News/US/2020/... (https://www.youtube.com/redirect?q=https%3A%2F%2Fwww.upi.com%2FTop_News%2F US%2F2020%2F01%2F17%2FUS-housing-starts-surge-to-13-year-high-govt-figures-show%2F1141579268765%2F&event=video_description&v=-6VEyo6J-8U&redir_token=MRlAJ9bldKBMipxhJkZ-mCOTPzJ8MTU3OTQ4Mjc2OEAxNTc5Mzk2MzY4) U.S. Housing Starts at 13-Year High, Factory Output Gains https://money.usnews.com/investing/ne... (https://www.youtube.com/redirect?q=https%3A%2F%2Fmoney.usnews.com%2Finvest ing%2Fnews%2Farticles%2F2020-01-17%2Fus-housing-starts-race-to-13-year-high-in-december&event=video_description&v=-6VEyo6J-8U&redir_token=MRlAJ9bldKBMipxhJkZ-mCOTPzJ8MTU3OTQ4Mjc2OEAxNTc5Mzk2MzY4) Why Manhattan’s Skyscrapers Are Empty https://www.theatlantic.com/ideas/arc... (https://www.youtube.com/redirect?q=https%3A%2F%2Fwww.theatlantic.com%2Fide as%2Farchive%2F2020%2F01%2Famerican-housing-has-gone-insane%2F605005&event=video_description&v=-6VEyo6J-8U&redir_token=MRlAJ9bldKBMipxhJkZ-mCOTPzJ8MTU3OTQ4Mjc2OEAxNTc5Mzk2MzY4) HELOCs and Transformational REPO https://www.theinstitutionalriskanaly... (https://www.youtube.com/redirect?q=https%3A%2F%2Fwww.theinstitutionalriska nalyst.com%2Fpost%2F2019%2F03%2F17%2Fhelocs-and-transformation-repo&event=video_description&v=-6VEyo6J-8U&redir_token=MRlAJ9bldKBMipxhJkZ-mCOTPzJ8MTU3OTQ4Mjc2OEAxNTc5Mzk2MzY4) Are US Banks Facing a Credit Trap? https://www.theinstitutionalriskanaly... (https://www.youtube.com/redirect?q=https%3A%2F%2Fwww.theinstitutionalriska nalyst.com%2Fpost%2Fare-us-banks-facing-a-credit-trap&event=video_description&v=-6VEyo6J-8U&redir_token=MRlAJ9bldKBMipxhJkZ-mCOTPzJ8MTU3OTQ4Mjc2OEAxNTc5Mzk2MzY4) Jumbo mortgages are back again for the US housing market (bubble): https://www.marketwatch.com/story/thi... (https://www.youtube.com/redirect?q=https%3A%2F%2Fwww.marketwatch.com%2Fsto ry%2Fthis-ghost-of-the-housing-bubble-still-haunts-the-home-mortgage-market-2020-01-15&event=video_description&v=-6VEyo6J-8U&redir_token=MRlAJ9bldKBMipxhJkZ-mCOTPzJ8MTU3OTQ4Mjc2OEAxNTc5Mzk2MzY4) China's home price growth at almost 1-1/2-year low, further softening seen https://finance.yahoo.com/news/chinas... (https://www.youtube.com/redirect?q=https%3A%2F%2Ffinance.yahoo.com%2Fnews% 2Fchinas-december-home-price-growth-023344574.html&event=video_description&v=-6VEyo6J-8U&redir_token=MRlAJ9bldKBMipxhJkZ-mCOTPzJ8MTU3OTQ4Mjc2OEAxNTc5Mzk2MzY4) Exploring an Abandoned Chinese Ghost City https://youtu.be/YE-Oa7mAyDU (https://www.youtube.com/watch?v=YE-Oa7mAyDU) New Kyle Bass Tweet (January 18th, 2020) about HSBC Bank: https://twitter.com/Jkylebass/status/... (https://www.youtube.com/redirect?q=https%3A%2F%2Ftwitter.com%2FJkylebass%2 Fstatus%2F1218648707580776449&event=video_description&v=-6VEyo6J-8U&redir_token=MRlAJ9bldKBMipxhJkZ-mCOTPzJ8MTU3OTQ4Mjc2OEAxNTc5Mzk2MzY4)

[KMack]

Me not understand vietnam big daddy me love you long time

[The Lawspeaker]

Boom and bust. Not even the Dear Leader can protect you from those.

[KMack]

Boom and bust. Not even the Dear Leader can protect you from those.
Me not understand vietnam big daddy me love you long time

[Morena]

The prices in my area have skyrocketed. The value of my house has jumped 10K in six months. Crazy.

[The Lawspeaker]

The prices in my area have skyrocketed. The value of my house has jumped 10K in six months. Crazy.

And you know what they say about things going up...

[catgeorge]

I think it's a little different this time as unemployment rate is at record lows with wage inflation around 4%.

Back in 2006 was a suprime mortgage issue where people were literally borrowing 10s of millions and buying mansions but income didnt justify it.

Subprime loans have been heavily regulated -people are merely taking out loans at record low rates.

[Abdelnour]

The prices in my area have skyrocketed. The value of my house has jumped 10K in six months. Crazy.

Same here. It is going up even more due to continuous gentrification of the area and pushing the ghetto out to the suburbs.

[luc2112]

The prices in my area have skyrocketed. The value of my house has jumped 10K in six months. Crazy.

And the number of buildings increased? It may be normal (but not desirable) to raise prices

[luc2112]

USA is like Brazil (only film guettos here)

[Graham]

Oh oh. Though we are due a global downturn also. Germany and the UK are flirting with recession.