June 16, 2010

Occasionally I find it of interest to take a look at how the news is presented: especially given that most people never read more than the headline and maybe the lede. The latest piece of -- not-good news -- is that the rate of new home construction in the United States fell in May: yet there is more of immediate relevance here than just the fact of the drop. This was the initial Google selection of stories immediately after the news made the Google front news page, in the same order Google brought them up (which is not purely the order in which they were released).

New home construction sinks 10% (CNNMoney.com)
The government reported Wednesday that new home construction fell sharply in May -- the first month after a homebuyer tax credit expired ...

US home building craters after tax break expires (MarketWatch)
As expected, US home builders sharply reduced construction as a federal tax break for home buyers expired, according to estimates released Wednesday by the Commerce Department ...

Home construction sinks, building permits down (Associated Press)
Home construction plunged last month to the lowest level since December and building permits also fell, the latest signs that the construction industry won't fuel the economic recovery. Builders are scaling back now that the government ...

Housing Starts in US Fell to 593,000 Pace in May (BusinessWeek)
Builders broke ground on fewer US homes in May than anticipated after the expiration of a tax credit, indicating the real-estate market will struggle without government incentives ...

Housing Starts Drop in May: Producer Prices Dip (Wall Street Journal)
US home construction plunged in May as builders remained cautious about sales prospects absent government support programs for the housing sector. Housing starts dropped 10% the month after the government ended its ...

Home Building Plunges to Five-Month Low (ABC News)
Housing starts fell to a five-month low in May but industrial output rose, evidence of an uneven recovery that has kept inflation at a minimum. As the government's tax incentives for homebuyers expired, new home building dropped ...

Instant View: May housing starts plunge, PPI down (CNBC/Reuters)
Housing starts fell 10 pct, more than an expected fall of 3.3 pct, in May to their lowest level in five months in Commerce Department data on Wednesday. A popular homebuyer tax credit has buoyed construction activity over the past two months ...

Comments: Post a Comment



<< Home