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Old 04-13-2010, 10:13 PM   #27
acceraStoof

Join Date
Oct 2005
Posts
516
Senior Member
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Very selective use of data. The government briefly gave 21 000 to first home owners who built there own house. It now gives 7 000 (the same amount that has been availble for many years) to those same people, so yes it caused a brief rise in the data followed by a fall. A fall of around 10% in those circumstances is very modest considering the five interest rate rises in the same period as well. But the stimulus needs to end so that further interest rises do not do further damage to the construction industry.
Fair points. I guess it could be seen that way.
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