[Marxism] Now I understand Why...

["S. Artesian" <sartesian@xxxxxxxxxxxxx>]

...Obama is optimistic:

NEW RESIDENTIAL CONSTRUCTION IN MARCH 2009
The U.S. Census Bureau and the Department of Housing and Urban Development 
jointly announced the following new residential
construction statistics for March 2009:

BUILDING PERMITS
Privately-owned housing units authorized by building permits in March were 
at a seasonally adjusted annual rate of 513,000.

This is 9.0 percent (±4.1%) below the revised February rate of 564,000 and 
is 45.0 percent (±4.1%) below the March 2008 estimate of 932,000.

Single-family authorizations in March were at a rate of 361,000; this is 7.4 
percent (±3.5%) below the revised February figure of 390,000. Authorizations 
of units in buildings with five units or more were at a rate of 132,000 in 
March.

HOUSING STARTS
Privately-owned housing starts in March were at a seasonally adjusted annual 
rate of 510,000. This is 10.8 percent (±11.6%)* below the revised February 
estimate of 572,000 and is 48.4 percent (±5.9%) below the March 2008 rate of 
988,000.

Single-family housing starts in March were at a rate of 358,000; this is 
unchanged (±16.2%)* from the revised February figure of 358,000. The March 
rate for units in buildings with five units or more was 116,000.

http://www.census.gov/const/newresconst.pdf


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