The poor housing approvals for March are bad news not only for the housing market, but also for renters and the cost of living, writes Glenn Dyer.
Housing slump
Housing activity takes a dive
Activity in the Australian home building industry dropped in March, driven by a sharp fall in new house approvals, writes Glenn Dyer.
Crikey Says: Crikey Says
We live in strange and contradiction-laden times.
The Bricklayer Index: US housing crisis worse than ever
America’s housing depression continues to deepen, and could worsen in 2009, according to a leading rating agency, writes Glenn Dyer.
More US banks succumb to housing slump
In the past week, two more major US banks have been forced to raise new capital, cut dividends and curtail lending to stay alive, writes Glenn Dyer.
Are highly leveraged homeowners about to crash?
Australian home buyers are living in some sort of fool’s paradise if they think that the affluent Sydney, Perth and Melbourne property markets are indestructible, writes Adam Schwab.
We’re all dooooooomed: a finance wrap
Just when it looked like the pall of gloom had been lifted from investors around the world, the black clouds of doom rolled back in, writes Glenn Dyer.
Looking at the subprime crisis with rose-coloured glasses
Many US investors have turned a blind eye to the continuing slump in the housing industry, as policymakers have consistently misread the damage the slump is doing to financial markets, writes Glenn Dyer.
The US stockmarket enters bear territory
The US stockmarket is moving rapidly towards bear territory after plunging more than 300 points on the back of big losses from Merrill Lynch and Washington Mutual, writes Glenn Dyer.
It’ll be a recession: Morgan Stanley
Twenty-four hours ahead of tomorrow’s decision on US interest rates by the Fed (announced at 6.15 am tomorrow, our time) a leading Wall Street investment bank is now predicting a ‘mild’ recession, writes Glenn Dyer.
Doom and gloom wrap: more bad news from the US
Wall Street has a dead cat bounce one day, but returned to reality the next as more write-downs are revealed by banks and a big US state fund becomes embroiled in the subprime disaster, writes Glenn Dyer.
US Fed will cut rates as housing slide continues
The US Federal Reserve will cut interest rates tomorrow after getting a couple of reminders of the damage the housing slump is doing to the broader economy, reports Glenn Dyer.
The US housing slump: a gorilla in the election room
It’s the gorilla in the back of the room that John Howard, Peter Costello, Kevin Rudd and Wayne Swan haven’t even noticed. And it’s not our interest rates and a possible rise next month. The big animal being ignored is the US housing slump, writes Glenn Dyer.
US headed for housing depression
Official figures showed that the US economy grew at a strong 3.8% in the June quarter, before all the subprime turmoil hit in July and August, but the US housing slump continues to deepen.
