The Commerce Department reported that both housing construction starts and permits for future construction fell by more than 6 percent in August. August was the worst month for housing construction since January 1991.
Last week, I appeared on Fox News to discuss the inflammatory comments by Phil Gramm (John McCain's top economic advisor) and how those comments really epitomize the Republican Party's country clubbish, let-them-eat-cake outlook on the economy. more »
We have been trained to think of states as the supposed "laboratories of democracy," but what they really are these days are a check and balance against federal inaction and Potomac Fever. That's the case I make in my newspaper column out today - especially as it relates to the housing crisis. more »
Whenever pundits and political elites express surprise at the power of populism, I always think back to the tongue-in-cheek headline of Chris Hayes' In These Times article that read "Economic Populism Proves Popular." Populism is an ideology that says that government should - gasp! more »
guardian.co.uk — U.S. home building skidded to a 17-year low last month while consumer prices rose slightly less than expected, leaving policy-makers room to cut interest rates further to ward off a housing-led slowdown.
nytimes.com — The collapse of the housing bubble in the United States is mutating into a global phenomenon, with real estate prices swooning from the Irish countryside and the Spanish coast to Baltic seaports and even parts of northern India.
ajc.com — Women on average were already in a more precarious economic position than men, and they appear to be taking much of the housing crisis hit. Sales and prices are down. Foreclosures have spiked in Georgia and across the nation. No one yet has a breakdown of the damage by gender. But studies show that women accounted for more than their share of the risky loans at the crest of the lending and buying boom.
nytimes.com — After the federal government announced in February that it would no longer use travel trailers to house the victims of future disasters, there was an initial sense of relief along the hurricane-scarred Gulf Coast.
news-press.com — Florida Sens. Bill Nelson and Mel Martinez voted for a housing relief bill Thursday intended to help homeowners and builders, but both expressed disappointment the measure didn't do more to help individuals keep their homes.
washingtonpost.com — The Senate yesterday gave overwhelming approval to a modest package of tax breaks and other provisions aimed at easing the nation's housing crisis, while Democrats in both chambers pressed for more ambitious legislation to aid more than a million homeowners most at risk of foreclosure.
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