Bill’s Commentary:
“The biggest wipeout of home values is just right around the corner. Many believe renting is pissing money down the drain …the reality today is that renting avoids a wipeout of your capital!”
Homebuilders Have Most Speculative Unsold Inventory Since May of 2008
Homebuilder inventory of started and completed homes is soaring but sales are weak.
New Homes for Sale by Stage of Construction
- Total: 495,000. The most since December 2007.
- Started Plus Completed: 389,000. The most since May 2008.
- Under Construction: 274,000
- Completed: 115,000. The most since August 2009.
- Not Started: 106,000
US Pending Home Sales Collapse To Record Lows
Completing the triumvirate of turmoil in the US housing market, pending home sales joined new- and existing-home sales prints with a big decline in January.
Pending home sales tumbled 4.6% MoM in January (after dropping 4.2% MoM in December), dramatically worse than the 0.9% MoM decline expected and dragging YoY sales down 5.2%…
Source: Bloomberg
Bill’s Commentary:
“This is LaLa land.”
The sky’s the limit? Shanahan and Trump demand answers on geoengineering and public health
- Nicole Shanahan and former President Donald Trump have demanded answers about chemical spraying in American skies, reigniting a debate over the ethics and secrecy surrounding geoengineering programs.
- Shanahan’s social media post highlighted visible trails in the sky, questioning whether they were natural contrails or artificial clouds created by chemical spraying, and called for a referendum with full disclosures.
- Trump suggested that rising autism rates among children could be linked to chemicals sprayed in the air, hinting at potential revelations about these practices
Bill’s Commentary:
“Some midweek Erik for you”
The latest from Erik –
BillHolter.com 
Thank you pamelamoves@gmail.com
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