Home Construction drops 24.8%
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 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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