Home construction drops 24.8%

Written by
Peter Dunn

Another bad report this morning, but I think that there is a silver lining on this one. I would attribute some of this to tightening lending practices. People can no longer build a new house with bad credit, no money down, and a handshake. The reality is that too many people are living in houses they can't afford.

This drop in construction is bad for the economy, but it is a product of our economy trying to correct itself.

Sorry about all the bad news. Here is some good news. Uhhhhhhhhh...thinking...uhhhhhh...okay...I've got nothing in terms of good news right now. Wait. The Monkey Picked Tea post from earlier can be our good news.

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