Permits suggest uptick for Twin Cities homebuilders

Homebuilders in the Twin Cities posted an annual increase in the number of building permits filed in October - the second consecutive month of year-over-year increases, according to numbers released today.

[Beth]

hmmmm.. Tried buying an existing home lately or talked to those that are?
Our daughter and her husband have been trying since March to buy-- nearly everything is foreclosure or short sales. Then the appraisals come in less than the mortgage. The few that are not go as fast as they are on the market.
They are now building and are one of those permits....

[Janice]

Truly, the recovery has arrived.

[IrishMN]

Growth is happening in the housing industry as a result of the hard work and vision of one Mr. Obama, your President.

Thank you, Mr. Obama. We look forward to you continuing with your programs that will lead us on the path towards success.

[badgerone]

IrishMN wrote:

Growth is happening in the housing industry as a result of the hard work and vision of one Mr. Obama, your President.
Thank you, Mr. Obama. We look forward to you continuing with your programs that will lead us on the path towards success.

I realize that you are very much in love with Mr.Obama but you must understand he's already married.So the only thing you can do is hide under his desk and give him a big wet BJ.like Monica and Mr.Clinton did.

[Bob]

Mr. Obama (worked for Acorn) and the other Liberals are the cause of the housing buble you IrishMN fool!

[Tall Paul]

IrishMN wrote:

Growth is happening in the housing industry as a result of the hard work and vision of one Mr. Obama, your President.
Thank you, Mr. Obama. We look forward to you continuing with your programs that will lead us on the path towards success.

You are such a monkey and have no idea about housing metrics and what they mean. The only thing being sold are foreclosures and that is happening because they gave the banks their bailout, which in turned allows them now to dump these bad loans. Then give the buyers a price support or as ObamaMomma calls it a tax credit of 8k and whallaa...you can magically report a turn around....oh except for the fact that it's an economic LIE that will play out just like cash for clunkers...once the credit was over everyone stopped buying the freaking cars.

It's what was told from the beginning....government can't bail this thing out. You have to stop the subsidies..let the markets crash....and rebound on their own. It hurts but all this stimulus is simply dragging it out longer and longer...the actual recovery will take place approximately 6 months after the clown is tossed out.