Tag Archives: housing-market

New Construction Permits Rise To Five Month High

Posted on June 16, 2011 by Barack Obama and USA

WASHINGTON (Lucia Mutikani) – Housing starts rose more than expected and permits for future construction touched a five month high in May, a government report showed on Thursday, but any recovery will be hampered by a glut of pre-owned homes. The Commerce Department said housing starts rose 3.5 percent to a seasonally adjusted annual rate of 560,000 units, retracing almost half of April’s steep decline. Continue reading →

Posted in Barack Obama Today | Tagged , , , , , , , , , , , , , | Leave a comment

Primary Cause Of Foreclosure Now Unemployment

Posted on June 5, 2011 by Barack Obama and USA

The Obama administration’s main program to keep distressed homeowners from falling into foreclosure has been aimed at those who took out subprime loans or other risky mortgages during the heady days of the housing boom. But these days, the primary cause of foreclosures is unemployment Continue reading →

Posted in Barack Obama Today | Tagged , , , , , , , , , , | Leave a comment

On Eve Of State Of The Union, The Housing Market Is Hitting The Skids

Posted on January 26, 2011 by Barack Obama and USA

As we already noted, it took Peter Baker several thousand words to say nothing at all about the overall decline of the housing market that lies at ground zero of the economic collapse. Tonight, the president himself will have the opportunity to say several thousand more words about matters of great import to Americans. Will he mention anything about housing Continue reading →

Posted in Barack Obama Today | Tagged , , , , , , , , , | Leave a comment