Economy –The Falling Housing Sector

The Federal estimate of new housing starts in September was revised downward from the optimistic number previously released. New building permits are now below where they were in September 2016 and trending downward.

As we get close to the election, beware of optimistic government numbers are will be subject to downward revisions after the election.

Traditionally, robust economies favor the GOP while downturns favor Democrats. Hence the deficit spending on road projects this year to prop up the economy.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s