First of all, just a disclaimer: I love our country and look forward to celebrating her greatness this weekend by seeing stuff explode over Lavell Edwards Staduim while listening to a Pilipino Steve Perry sound-a-like instruct me to “Don’t Stop Believing”. But just like my kids–who I also love–they make dumb decisions sometimes.
It’s not just our federal government who struggles to make the best choices either. Take Greece, just for example.
In housing news, single family Housing Starts are up 6.7% year-to-date and single family permits are up 7.5% year-to-date; New Home Sales are up a staggering 24%! Relatively fewer custom homes are being built across the country, giving way to more spec and track built homes. First-time buyers accounted for 32% of existing home sales in May, their highest level in 32 months.