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30.06.26 - 18:21
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Trump Suggests He May Not Sign Bipartisan Housing Affordability Bill (ZeroHedge)
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Trump Suggests He May Not Sign Bipartisan Housing Affordability Bill
Authored by Zachary Stieber via The Epoch Times,
President Donald Trump indicated on June 29 that he may not sign a bill that Congress passed that aims to make housing more affordable.
Trump told reporters at the White House in Washington that he has not decided whether to sign the housing bill, the 21st Century ROAD to Housing Act, which Congress approved in a bipartisan fashion earlier in the month and targets permitting times, boosts financial incentives, and aims to make it easier to obtain mortgages.
“I think it's so unimportant compared to the Save America Act,” Trump said.
“To me, compared to the Save America Act, just about everything is a big yawn.”
Trump had been poised to sign the housing legislation, but canceled those plans so as to try to force Congress to pass the Save America Act, which would require voters to prove they are American citizens to vote in federal elections.
The House of Representatives...
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30.06.26 - 15:18
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US Home Prices Drop For 3rd Straight Month (ZeroHedge)
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US Home Prices Drop For 3rd Straight Month
Home prices in America's top 20 cities were expected to fall MoM for the 3rd straight month in April (the latest reported data from S&P Cotality Case-Shiller) and they did... but only marginally.
Prices fell 0.04% MoM in April (less than the 0.10% decline expected), but the annual change rose modestly from +0.88% YoY to +1.14% YoY...
Source: Bloomberg
"Monthly price movements show seasonal strength masking underlying softness," said Nicholas Godec, CFA, CAIA, CIPM, Head of Fixed Income Tradables & Commodities at S&P Dow Jones Indices.
The oddly tight coupling with Fed Reserves suggests the path is lower...
"Geographic dispersion remains pronounced," Godec continued.
"Midwest and Northeast markets are still leading moderate growth, while many Sun Belt and Western metros see ongoing declines.
Chicago was again the strongest market with a 6.5% annual gain, trailed by New York (3.8%) and Cleveland (3.2%).
Seattle's 2.3% year-...
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30.06.26 - 09:54
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Japan Housing Starts Surge 33.9% (AFX)
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TOKYO (dpa-AFX) - Japan's housing starts increased at a faster than expected pace in May, data from the Ministry of Land, Infrastructure, Transport, and Tourism showed on Tuesday.Housing starts gr......
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30.06.26 - 01:36
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Venezuelan Housing Projects Collapsed "Like Sandcastles" As Twin Quakes Expose Socialist Rot (ZeroHedge)
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Venezuelan Housing Projects Collapsed "Like Sandcastles" As Twin Quakes Expose Socialist Rot
Spanish daily newspaper ABC.es reports that some of the worst quake damage in Venezuela is concentrated in Caraballeda and Catia La Mar, where high-rise towers built under the Great Housing Mission Venezuela, or Gran Misión Vivienda Venezuela (GMVV), were reduced to rubble.
The Chávez-era socialist housing program is now facing scrutiny after the outlet noted, "The explanation given by engineers and construction specialists is that low-quality materials were used in the Chavista Housing Mission, without supervision and without applying anti-seismic standards."
GMVV was later expanded by the socialist Maduro regime without regard for the quality of building materials or anti-seismic standards, leaving only a handful of the 193 buildings in one housing complex in quake-ravaged Catia La Mar standing.
The devastating earthquakes in Venezuela exposed exactly how the socialist gover...
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