Have a Holly Jolly Bush Boom

From Holden:

“Damn. I thought I felt my Bush Boom stirrin’ there for a minute, but I think I just have to pee.”

November housing data is in, and like Joseph and Mary my Bush Boom seems to be homeless:

  • Building permits fell 1.5%

  • Housing starts fell 13.8%

  • Single-family housing starts fell 11.7%

  • Housing completions fell 6%

    New jobless data is in as well. Last week there were 317,000 new unemployment claims, 40,000 less than the 357,000 originally reported last week. Last week’s number was revised up to 360,000. This is a bit of an improvement over last week’s abyssmal numbers, but Christmas will be tight for 317,000 more families.