United States News
See other United States News Articles
Title: U.S. Homebuilder Confidence Rose to Four-Month High
Source:
Bloomberg
URL Source: http://www.bloomberg.com/news/2010- ... our-month-high-in-october.html
Published: Oct 18, 2010
Author: Bloomberg
Post Date: 2010-10-18 11:09:35 by go65
Keywords: None
Views: 2652
Comments: 31
Confidence among U.S. homebuilders rose in October to the highest level in four months, a sign residential construction is stabilizing at depressed levels. The National Association of Home Builders/Wells Fargo confidence index increased to 16, exceeding the most optimistic forecast in a Bloomberg News survey, from 13 the prior month, data from the Washington-based group showed today. The gauge was projected to rise to 14, according to the median estimate in the Bloomberg survey. Housing construction will be slow to recover after the end of a home buyers’ tax credit and as foreclosures flood the market with cheaper homes. Unemployment near a 26-year high of 10.1 percent is making it difficult for Americans to take advantage of the lowest mortgage rates on record. “It is encouraging to see a little more optimism on the housing side, which might mean the sector is starting to stabilize,” said John Ryding, chief economist at RDQ Economics LLC in New York. Index readings lower than 50 mean more respondents said conditions were poor. Estimates in the Bloomberg survey of 47 economists ranged from 12 to 15. The measure reached a record low of 8 in January of last year and averaged 54 in the five years before the recession began in December 2007. Stocks Rise Stocks and Treasury securities maintained gains after the report. The Standard & Poor’s 500 Index rose 0.3 percent to 1,179.17 at 10:31 a.m. in New York. The yield on the 10-year Treasury note fell to 2.52 percent from 2.56 percent on Oct. 15. The S&P Supercomposite Homebuilders Index declined 0.3 percent. The builders group’s index of current single-family home sales increased in October to 16 from 13, and the measure of sales expectations for the next six months rose to 23 from 18. The gauge of buyer traffic increased to 11 from 9. The measure of builder confidence rose in all four U.S. regions. “Builders are starting to see some flickers of interest among potential buyers, and are hopeful that this interest will translate to more sales in the coming months,” NAHB Chairman Bob Jones, a homebuilder from Bloomfield Hills, Michigan, said in a statement. With foreclosures reaching a record in September, U.S. regulators last week said they were investigating whether employees of lenders including Ally Financial Inc., JPMorgan Chase & Co. and Bank of America Corp. had falsified documents used in foreclosure proceedings. Foreclosures Suspended Ally Financial and Bank of America are among banks that have suspended some foreclosures or evictions to review paperwork, which may further delay a recovery in housing as it takes longer to clear inventory. Work began on 580,000 homes at an annual pace in September, down from 598,000 in August, according to the median forecast of economists surveyed before a Commerce Department report tomorrow. Housing starts plunged to a record-low 477,000 pace in April 2009 after reaching a three-decade high of 2.27 million in January 2006. They rose to a 685,000 level in April this year, thanks to the $8,000 tax credit that expired that month. Miami-based Lennar Corp. is among companies finding other ways to boost earnings as sales languish. The fourth-largest U.S. homebuilder by revenue bought about $740 million of distressed loans and real estate from three financial institutions to boost earnings, the Miami-based company said Oct. 1 in a statement. The newly purchased loans and properties represent “an excellent investment opportunity for our shareholders,” Lennar Chief Executive Officer Stuart Miller said in the statement. The package includes about 397 loans and 306 properties in 17 states, primarily in the mid-Atlantic and Southeast.
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: go65 (#0)
What would BE say? 'Off your meds again, eh? ;} Looking into the Rabbit Hole. The abyss looks back.
RICO Act and MERS. Harry and Sally sitting in a tree: K-I-S-S-I-N-G: First comes love,: then comes marriage,: then comes the baby in a golden carriage!
Bwa-HAHAHAHAHAHAHAHAHA!!!!!!!!!!! IDIOTS.
Getting tired of the bozoed calcon following me around on the 'net, wanting to discuss "tossing salad." Sorry, you sick rump-ranger. NOT interested.
Going Nuclear as we speak: "...every paralegal in the firm. they were all notaries." 1. Attorney Miriam Mendieta at David J. Stern Law Office Headed Up ... Oct 7, 2010 ... The issue became then the notary would sign it tomorrow and date it ... What do you mean every attorney in the firm? ... Make sure they're all the same no matter what day it is? ... Because they were mean and nasty. They were very mean. ... Former paralegal Bridgette Balboni sued David J. Stern ... www.zimbio.com/.../Attorney+Miriam+Mendieta+David+J+Stern+Law - Cached Å8; Ex-paralegal tells Florida AG of questionable practices at ... Oct 11, 2010 ... Florida judge denies Law Office of David J. Stern motion to quash ... "It's not fair that we were not aware of this statement and not given the right to ... to have knowledge of what was in the documents, when they did not. ... "As far as notaries go in the firm, I don't think any notary actually ... www.housingwire.com/.../ex-paralegal-tells-florida-ag-of-questionable-practices-at-foreclosure-law-firm - Cached
"Q: Go On A: They wouldstacked amonst ech other, side by side; and Cheryl would come twice a day, in the morning and mid afternoon. around two orthree o'clockand she would sign all of them; every single one of them. Q: But they've already been notarized? A: They've already been notarized.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
I read an article in Sunday's paper about several regular folks teaming up to take on the banksters, fraudsters and all of the crooks involved in this mortgage and foreclosure fraud. It mentioned the web site you've linked above: Plus it mentioned another one which I haven't checked out yet:
Must be the need for all the new homes required for the Gulf Coast evacuees! Fookin laughing out loud!
Now that was funny!
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
You're serious. You're staying with this kindergarten taunt. BWAHAHAHAHAHAHA 8D What your prodigy has to look forward to. Heard of the rule of law lately. Well that makes two of us. Your fucking masters are clueless and that your not doing drugs and you think your in FairyTale Land is the clue. "The truth is, nobody has a clue what happens next, most particularly the folks in charge of things. All we know in this still moment is that the hoary old rule of law no longer obtains. It's on everybody's lips because everybody knows that some epochal slippage has occurred, and in dark maw exposed by that slippage a lot will be lost. Schemes akin to a debt jubilee are already being floated - which might sound dandy in theory, but would very neatly thrust the USA back to a standard of living equal to that in the year 1690. In other words, you can shake off your debts, but be prepared to spend the rest of your days picking stones out of your daily lentil ration before turning in on a bug-infested straw pallet next to the hog-pen, care of which is your new career."
http:// These guys are still trying to have it both ways. 4closurefraud has this going nuclear. And I can tell this is coming down, cause several sites I frequent have come out with the same ideas independently. Time's Up. Here it comes. Kunstler: "The trouble is, that the damage is so severe through every institution concerned with the operations of money (including the US government) that none of these fatal monkeyshines can be mitigated. Or, to put it as Barack Obama's predecessor did, so neatly, "...this sucker could go down." After all, what are the practical remedies for property the ownership of which can't be established? And upon which are claims and obligations that underlie the very value of money in this society? The rights of property form the basis of Anglo-American law. Subtract them and all bets are off. Literally." These fuckers are clueless now. By Halloween.
It doesn't prevent you conspiracy crackpots from making predictions, does it, mcclown?
This is good though: " But how do you know what a fraudulent document looks like? One way that we now know is any document that has been signed and/or notarized by "Robo-signers" who have admitted in depositions that they never read the information for which they were claiming to have personal knowledge. ALL documents signed by these people can now be considered fraudulent. For those who have been implicated by others in depositions, their name on a document is highly suspicious, especially when combined with multiple variations of their signature from other docs. Below is a list of those names, with more to be added as they become known. ROBO-SIGNERS/Notaries (admitted to fraud in depositions): Jeffrey Stephan (GMAC/Ally) Tammie Lou Kapusta (Law Office of David J Stern) Renee Hertzler (Bank of America) Beth Ann Cottrell (JPMorgan Chase) ROBO-SIGNERS/Notaries (implicated by others in depositions, multiple signatures): Cheryl Samons (Law Office of David J Stern) Beth Cerni (Law Office of David J Stern) Tammie Sweat (Law Office of David J Stern) Shannon Smith (Law Office of David J Stern) Dory Goebel (Lender Processing Services, aka LPS) Linda Green (DOCX) ROBO-SIGNERS (electronic signatures scanned into documents): Angela Melissa Nolan (JPMorgan Chase) ;} www.foreclosurehamlet.org...4164911%3AComment%3A20071 This guy's a GoTo: "Anyone who believes the foreclosure crisis can be contained is deluded, because the real issue in play is the citizens' trust in their government's ability to govern the nation's Financial Elites according to the rule of law. Clearly, our government has failed its citizens--utterly, completely, totally, at every level of governance (Federal, State, local) and at every level of oversight and regulation. The bitter truth is that the nation's Financial Power Elites are not constrained by rule of law, and as a result of this revelation Americans' trust in their government and political class has been shattered. "
www.oftwominds.com/blog.html When the Myths/Fairy Tales were written, they weren't for the children: Humpty Dumpty is one that comes to mind. 8D
"I've been expecting economic conditions to worsen as we approach 2011 a "Tea-Party Congress". " Brian S posted on 2010-10-18 12:43:03 ET http://www.libertysflame.com/cgi-bin/readart.cgi?ArtNum=14072#C2
-----------------------------------------------------------
Your myths and fairy tales are for adults. I know. Your are often wrong in your predictions.
-----------------------------------------------------------
source one. now.
They just don't get it. As oftwominds so righteously states: "The people have lost their trust in their government for good reason: it has betrayed their trust. The emotions being raised are beyond the understanding of the cowards and brown-nosers pulling the levers of governance: why are people so angry about some botched paperwork? " http://www.oftwominds.com/blog.html You can see the Cowards and brown nosers on full displaY HERE AT LF. 8D THE OMFGPalin/teabaggers/goppers/UKbp Lovers, just don't get it. IT's the Rule of Law and you think following the Law is just for the Lil People. New News. we're in the Still Moment. By Halloween, BOO
I'm looking for BE's reply, I get a Brian S quote by WS. Strange. Let's look at the thread you posted: #2. To: jwpegler (#1) I've been expecting economic conditions to worsen as we approach 2011 a "Tea-Party Congress". There. Fixed it for you. No thanks needed. ;) Never swear "allegiance" to anything other than the 'right to change your mind'! Brian S posted on 2010-10-18 12:43:03 ET In the ORIGINAL '2011' has been crossed out. That right there TOTALLY negates what you've posted above. Care to try again? ;}
And thank the sweet fucking jesus that congress even w/o the likes of 'gay is a choice/handcuffing/pornsexting tea baggers' will not be able to do anything to hurt us any more than they already have.
And of course this won't help to see the IsraelizioFundies in charge of the scam: "As a brief sketch: Bernanke and the Fed are playing an unprecendented game on two tables at once. The games are interconnected: one is the domestic economy and the other is the global economy. Here's the Fed's game plan in each game. In the domestic economy, the Fed aims to save its Overlords in the banking sector by giving them unlimited credit at zero interest (ZIRP). The banks are free to speculate with this money and earn a higher return. This dynamic--unlimited free money at zero interest--is designed to let the banks "earn" their way of their insolvency. But that zero interest policy is robbing the citizenry of hundreds of billions of dollars annually. Banks were once required to pay 5.25% interest on all savings accounts. People who saved for retirement could expect to earn at least that on their capital. Thanks to the giveaway to the banks, they now earn basically nothing. Zero interest is nothing but a transfer of wealth from the citizens to the Financial Power Elites in the money-center and investment banks. Please note the bankers divided up $144 billion in bonuses last year, despite their insolvency. That buys a lot of politicos--basically all of them. "
Gulf of Mexico evacuation of millions, you fookin MORON!
This is what happens when you run out of EROEI. No more debt creation. The 140 year old ponzi acts like a 382 cu Big Block Chevy with Karo Syrup going thru the carburetor.
The zero in the White House is an idiot just like you, mcclown.
WhiteSands is a loose cracker.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
Feds Confirm Mumbai Plotter Trained With Terrorists While Working for DEA by Sebastian Rotella ProPublica, Oct. 16, 2010, 11:04 p.m. Federal officials acknowledged Saturday that David Coleman Headley, the U.S. businessman who confessed to being a terrorist scout in the 2008 Mumbai attacks, was working as a DEA informant while he was training with terrorists in Pakistan. Federal officials, who spoke only only on background because of the sensitivity of the Headley case, also said they suspect a link between Headley and the al Qaeda figures whose activities have sparked recent terror threats against Europe.
WhiteSands is a loose cracker. Winging into the stratosphere. As Cascading Systems Failure accelerates. Karma's like that. The individual will enslave himself. ignorant of reality. ;}
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
* Share o Digg o del.icio.us o Google o Stumble Upon o Facebook o Reddit * Print * Email * Text Size o Normal o Large o Extra Large Students attend a demonstration over pension reform in Paris. A nationwide strike that could hit various industries is planned for tomorrow Strike/Crisis Staffing & Planning. Call PMG at (866)522-6701. www.pmgroup1.com By Henry Samuel in Paris Monday October 18 2010 Petrol pumps could run dry in France by Wednesday, experts warned yesterday, as the stand-off over pension reforms reached crisis point. 8D keep comin', dude.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
#2. To: All (#1)
#3. To: go65 (#0)
U.S. Homebuilder Confidence Rose to Four-Month High
#4. To: Capitalist Eric (#3)
#5. To: All (#4)
#6. To: mcgowanjm (#5)
'Off your meds again, eh?
#7. To: mcgowanjm (#5)
#8. To: go65, mcgowanjm (#0)
U.S. Homebuilder Confidence Rose to Four-Month High
#9. To: Ibluafartsky (#8)
#10. To: Badeye, Fred Mertz, All (#6)
'Off your meds again, eh?
#11. To: Fred Mertz (#7)
(Edited)
www.foreclosurehamlet.org
#12. To: mcgowanjm (#10)
The truth is, nobody has a clue what happens next,
#13. To: Fred Mertz (#7)
www.foreclosurehamlet.org
#14. To: All (#13)
The bitter truth is that the nation's Financial Power Elites are not constrained by rule of law, and as a result of this revelation Americans' trust in their government and political class has been shattered. "
#15. To: mcgowanjm, Brian S, Bad Eye (#1)
(Edited)
What would BE say?
Liberals:
-Pro nuclear proliferation.
-Support fundamentalist religion that execute gays.
-Have no issues with inmate abuse.
-In discussions to release J.Pollard.
#16. To: mcgowanjm (#14)
Liberals:
-Pro nuclear proliferation.
-Support fundamentalist religion that execute gays.
-Have no issues with inmate abuse.
-In discussions to release J.Pollard.
#17. To: WhiteSands (#16)
Your are often wrong in your predictions.
#18. To: All (#17)
(Edited)
#19. To: WhiteSands, Brian S, Fred Mertz, All (#15)
#20. To: All (#19)
a "Tea-Party Congress"
#21. To: All (#20)
#22. To: mcgowanjm, WhiteSands (#17)
source one. now.
#23. To: All (#21)
#24. To: mcgowanjm (#21)
Zero interest is nothing
#25. To: mcgowanjm (#19)
Care to try again?
#26. To: mcgowanjm (#10)
'Off your meds again, eh?
#27. To: Badeye (#26)
#28. To: Fred Mertz (#25)
Care to try again?
#29. To: mcgowanjm (#27)
'Off your meds again, eh?
#30. To: Badeye (#29)
(Edited)
#31. To: mcgowanjm (#30)
'Off your meds again, eh?
Top • Page Up • Full Thread • Page Down • Bottom/Latest
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]