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Michelle Jamrisko: Sales Of U.S. New Homes Surged In August To Seven-Year High
Purchases of new homes jumped in August to a seven-year high as Americans took advantage of historically low mortgage rates. Sales climbed 5.7 percent to a 552,000 annualized pace, exceeding all forecasts of economists surveyed by Bloomberg and the highest since February 2008, from a 522,000 rate in July that was stronger than initially reported, a Commerce Department report showed Thursday in Washington.
Steady job gains and cheaper borrowing costs are bolstering demand for new homes, particularly as the supply of previously owned properties is still scant. Further healing in residential real estate should help underpin the U.S. economy amid weakness from the stronger dollar and slower overseas growth. “Housing has now finally started to participate more strongly” in the expansion, saidDavid Berson, chief economist at Nationwide Insurance in Columbus, Ohio, who projected sales would rise. “It’s quite likely we’ll continue to see the gains going forward.”
More here
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Sales of New Homes in U.S. Increased 5.7% in August
bloomberg.com/news/articles/…
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Bloomberg Markets (@markets) September 24, 2015
The Obama Diary 
No. Really?
yes really….
Congratssssssssssssssssss 57!!
Yes, really!!! 🙂
Thanks a trabillion Nerdy!
You’re welcome, Chips.
{{{{Nerdy}}}}
Woooot! Go 57af!
I’m going to enjoy watching the debate tonight just to see which candidate runs away from President Obama’s accomplishments the quickest.
I hope they don’t piss us off, Don.
I’M NOT WATCHING IT…I’LL JUST CRANK OUT THE DEM. VOTE WHEN IT’S TIME…BUT FRANKLY…NONE OF THESE CANDIDATES WILL EVER REPLACE OUR ENERGIZER PBO…IM WATCHING A MOVIE.
Hi Everyone! Just popping in for a sec!
I polled 7 people in my office today and only 1 knew about the debate tonight. Most aren’t paying a lick of attention to the 2016 election. Half don’t know who our VP is and again only one has ever heard of Bernie Sanders. That’s our fabulous DNC leadership for ya!
Donna, I refuse to believe that half of the people you polled don’t know who our VP is.
They don’t Don. If you say his name they say Oh Yeah I know him but they cannot tell you from memory that Joe Biden is the Vice President of the United States. Most of them can’t tell you who their Governor or US Senators or Congressional Representative are either. You should talk to strangers about politics. You will me amazed at the ignorance.
any ideas how we can change this….Donna….you are right…folks just don’t seem to be interested in knowing
See my comments below.
Voters are aware, they’re just a little sad that the end of President Obama’s term is just over the horizon. But hey, we got Clinton and Bernie-mac to walk us through our seven stages of grief.
OY
LOL!!!!!!
More success for DWS! What an incompetent. Great to see how well her strategy is working for Dems. My biggest fear is repeat of the 2000 election with the Dems doing it to themselves. I don’t think I’ve been less excited about an election in my life. The only thing that would change that is Joe deciding to run but I fear the clock. Sigh.
I really don’t understand why she wasn’t thrown out on her ass after the 2014 election.
Geeze, this must be the plan because if I hadn’t asked about it a couple of days ago I would have known until yesterday and then only because I’m on twitter. I’m sure they’re plugging it to death on CNN but I don’t get cable and a LOT of people have cut the cord.
Interesting story here. Could’ve been another major tragedy. Thank goodness folks stayed calm and cool.
Please click on the link in his tweet to read the open letter and check out the short videos. 🙂
I must confess, who are Airbnb, I’ve never heard of them.
It’s a home rental service. You can rent your home or condo through them to make some money and/or rent through them for yourself (as an alternative to hotels) when you’re traveling out of town.
Maybe I should have googled Airbnb before I made my comment. I still have never heard of Airbnb, I’m slowly being passed by, I thought I was hip and cool. But at the end of the day I’m just a middle aged guy trying to stay abreast of what is going on in the world. I’m so out of the loop, I’m going to go and take a nap.
It’s okay, Don. Just remember, Google is your friend.
AirBNB is a service whereby you rent vacation homes from others rather than book a hotel when you’re traveling. So, say you were going to Paris, but wanted your own kitchen, etc. You’d go on AirBNB, punch in Paris, and look for a flat you could rent for the duration of your stay, depending on location, cost, amenities, etc.
Damn!, LL, you know about Airbnb? Now I’m really fucked up.
Librarians know e’verything! 😀
I’m divided on the honeymoon with the missus: It’ll either be a trip to London, in which case we AirBnB it, or a river cruise down the Rhine.
A guy I worked with did a river cruise, he loved it, personally I love cruises. My wife wants take a cruise out of Dubai in 2017.
I adore London – find a place SW – near to the tube and the city is yours for exploring. We were there for some months and never ran out of places to go, castles, museums, galleries and even libraries to see. Seeing buildings over 1000 years old that have been loved and restored, learning their history, going to places with fascinating names down to “mind the step” on the tube – it is a wondrous place to be – and if perchance you want a river – catch a ride down the Thames to Hampton Court Palace & come back by bus stopping off at Teddington Lock – or do a day trip to Oxford, Cambridge or one of the delightful Cathedral towns in the home counties.
As the late great Samuel Johnson sagely observed, ‘When a man is tired of London, he is tired of life.’
It’s a gorgeous city 99ts, although it has one really awful eyesore:
Is that new? Didn’t see it when I was there 🙂
Forgot to mention – I did go to the Chelsea garden show – sorry about that
You are so very amusing, Don. So very. Ha!!!!!!!!!!!!
Best football ground in the world:
Because Slovakia!
🙂 Meanwhile, van Persie scored a beaut of a header today ……………. in the wrong goal. So, the Dutch have failed to qualify for the Euro 2016 play-offs. Crikey.
The Hollanders were sad this go-around. Just could never get going. Meanwhile, my Englanders have a perfect 10/10. Be afraid.
Na, the better the Englanders are in the qualifiers, the worse they are in the finals 🙂
Meanwhile, Ireland play one of Sweden, Ukraine, Hungary, Bosnia in the play-offs. Please don’t let it be Zlatan’s boys.
Zlatan will be handing out karate kicks all around.
Oh good! Something to watch when the game gets boring.
🙂 You’d want to wear a mask, though!
For real!
Hey Buddy! Saw your tweet last night about not feeling well the other day, noticed you hadn’t been around for a while. Feeling better now?
Yeah, I had a general malaise, which turned into a stomach thing. Feeling much betts now.
Glad to hear it! Missed ya! 🙂
he says that he does not want it to be about race…but it was…
i am extremely happy that he is alive to tell the story
I think it was too, pf58. I doubt I would’ve been able to stay as calm and positive about it as he did.
Wow, I love his response, and that the police didn’t aggravate the situation, and seemed to go along with it. He is lucky, unfortunately, there are two many times where this situation could have been turned terribly wrong and lead to another arrest or even death.
It’s doubtful that the banks would have admitted to the criminal wrongdoings, dragging out prosecutions which could or could not have gone so well (especially given the corporate leanings of our current Chief Justice) and wasting a lot of taxpayer resources when the banks were already cornered to plead guilty to criminal wrongdoing and pay the largest fines in history, if they could not conduct business. The battle would have become one of survival rather than of restitution.
emphasis::: The battle would have become one of survival rather than of restitution.
For Dudette
Haha! I retweeted that same story from someone else last night! But thanks for thinking of me!
Retweeted & faved yours too! 🙂
😀
Hillary and Bernie supporters are not helping their candidates. And they’re getting on my damn nerves. Ugh.
Oh look. Bernie’s in the debate hall. Twenty thousand supporters are bowing at his feet, tossing flowers.
Okay, I’ll stop!!!! 🙂
I recall one such PUMA admitting that she wrote in Hillary’s name rather than cast a vote for PBO in the general. Disgusting.
I won’t type the words I’m thinking right now about that.
Believe me, you’ll thank me!!! 🙂
If POTUS and FLOTUS endorse Hillary then she will have my vote. Right now she does not have my vote.
The supporters are the ones killing me … I’ll vote for the Dem nominee, but I don’t want him or her shoved down my throat like I don’t have a brain (or a memory).
not gonna happen with me.
Jacqueline – you are too funny 😀 😀 😀 and I thank you for telling it like it is!!!!
They’ve already worked my last nerve, I don’t have any nerves left for them to work. But hey, we got to vote for Hills or Bernie-mac because if we don’t the world is going to end.
On a side note: I used to love watching the Bernie Mac Show – so sad he passed away, a few years ago.
That was My DUDE! Loved him in standup! Loved his TV show – loved how he’d talk to the camera, love his family relationships – he was so great with the kids! Miss him!
I miss him, too!
I loved watching his show and his comedy performances. I discovered his show is on one of those off channels, I think it’s 7.3 LAFF
😀
Gotta set the DVR for the debate. Headed out for a bit. Catch ya later, Gators! 🙂
No guns. More nun-chucks.
Blitzer is positively #Wolfgasmic at Trump’s promise to follow along and tweet. Anybody want to meet me at the local pub? Now, please.
Do you all recall when the DNC, DCCC and DSCC did their postmortems after that beating we took last November? They sent out surveys asking us to give our opinions. Most of us here were pretty vocal about how lousy we thought the DNC handled the mid-term elections. One of my suggestions was that the DNC had to take the approach of educating all those voters that came into politics because of Barack Obama. They love the man and will walk over broken glass to vote for him but don’t understand the importance of voting in every election. I suggested that they spend some money doing local events in critical states enticing people with food or entertainment helping them to understand the importance of their vote and then also do PSA type real tv ads educating the public. I know its early in the election season but I haven’t seen this DNC do a single thing differently and I’m not going to hold my breath expecting anything to change.
We took the time to answer their surveys and you’re absolutely right, they haven’t changed a thing except make us angrier. I mean in addition to the big fail that is DWS, who makes Tulsi Gabbard a Vice Chair? It’s so WRONG I can’t even believe it.
Donna, I feel your pain. None of the (D) organizations have done much to keep the Obama Coalition engaged.
Their arrogance is so strong that they think just saying how awful the GOP is will get the job done.
2010 and 2014 prove that without Positive active campaigning the potential (D) votes will stay home.
And, no. It will not be different because it is a Presidential year.
Without an energetic campaign and attractive candidate we will lose and lose big.
You’re baaaack 🙂
Ha! Hey! 😆 🙄
I love Jim’s response in the comment section because he is right on point!
This type of crap from the PUB is the problem with the movement. It’s not about actually governing, we just need to yell louder and the GOP will respond.
The only way to get what you want is to win and win and win some more. There’s no other way
I commented about his issue with PBO being Naive this morning and actually hope they bring this up tonight as a debate question to Sanders.
Nancy nails it with this quote:
Ahhh…I get it. Once the Republicans see a million young people marching for college affordability, they’ll totally cave and give them free tuition paid for by a tax on Wall Street speculators. Who cares what those fat-cats think – there are a million students standing out there making demands. Yeah, I can totally see that happening. Because standing outside Republican’s window and protesting is a complete game-changer. If you ever doubted that, just watch how these Wall Streeters were cowered by OWS participants marching in the street. I’m sure the response from Congress to something like that would never be what Dick Cheney said when he was told that 2/3 of the American people didn’t support the war in Iraq.
After that one, we’ll get a million people to march for a raise in the minimum wage. And another million to march for single payer healthcare. Then a million for an infrastructure bank. You see where this is going, don’t you? Good thing gas is still relatively cheap – because you can count on lots of road trips to D.C.
Of course I’m being a little silly here. It just strikes me as odd for someone to claim that President Obama was naive about Republican opposition and then turn around and propose this as their supposedly non-naive alternative.
Bernie Sanders and his followers have a romantic view of revolution….a rebellion is not a revolution…and 1000s of folks in the street do not necessarily bring about change…look at two places…Tunisia (whose rulers received the Nobel Peace Prize) and Egypt…totally different outcomes…
it takes hard work to bring about change…
citizens have to be awoke and engaged…then they have to be organized and focused….they have to see…. to be able to connect the dots…and vote….and then they have to remain engaged…organized …and focused…because the other side never gives up….
the DNC had never…been that focused on empowering anyone other than themselves…
altho both Sanders and Clinton are using some of the President’s grass roots strategies
This is the little girl who ran to greet the pope and handed him her letter:
Do any know of anywhere we can see FLOTUS speak this evening?
Here ya go:
http://fortune.com/video/2015/10/13/first-lady-michelle-obama-live-at-fortunes-most-powerful-women-summit/
POTUS is absolutely correct to keep us out of this mess.
Wow…Russia and Iran….hoping to prop up the government of Assad
New post:
http://theobamadiary.com/2015/10/13/the-first-lady-at-fortunes-2015-most-powerful-women-summit/
That is very true….