Mortgage Applications Down 20%

After new home sales rose 27% in March and yesterday’s news that new home construction was up 5.8% in April, we pointed out that the real estate market is not doing as well as depicted by the general mainstream consensus. Today we learn that there may not be as...

Arizona: We’ve Got the Power!

Arizona Corporation commission member Gary Pierce responds to Los Angeles politicians’ calls for an economic boycott of the state: If an economic boycott is truly what you desire, I will be happy to encourage Arizona utilities to renegotiate your power...

New Home Construction Up, But Building Permits Drop

In the not so bad news category, the government reports that the housing market is rebounding: U.S. housing starts increased for the second straight month in April to an 18-month high, the government estimated, but building permits fell sharply, casting doubts on the...