Article
US Housing Starts Collapsed In May To Lowest Since COVID
US Housing Starts Collapsed In May To Lowest Since COVID
With housing inventories at recent highs, the US housing market just suffered another sentiment setback as Housing Starts crashed by 15.4% MoM in May (far worse than 2% drop expected and worse since March 2024)), following a revised 8.5% MoM drop in April. Building Permits slipped 0.7% MoM (in line with expectations)...
Source: Bloomberg
That pulls the Housing Starts SAAR to its lowest since COVID (after reaching the highest since 2024 in April)...
Source: Bloomberg
Under the hood, it was multi-family (rental) starts that...
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May 28, 2026 / Tyler Durden
Vance Says Trump Not Ready To Approve Iran Deal, Citing Distance On Nuclear Issue
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Summary
Rtrs citing Iran's Fars: Iran's armed forces carries out a missile launch operation from southern regions of the country toward specified targets. Reports of US ships targeted (unconfirmed); also 'warning shots' fired on 'illicit' vessels.
Per Axios: "U.S. and Iranian negotiators have reached an agreement on a 60-day memorandum of understanding to extend the ceasefire and launch negotiations on Iran's nuclear program, but President Trump has yet to give it his final approval."
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Europe's Climate-First Policies Fuel Resistance To Air Conditioning As More Than 1,300 Die In Heat Waves
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Via American Greatness,
Europe continues to rely on alternatives to air conditioning even as deadly heat waves claim lives across the continent. Officials argue that expanding air conditioning is not a long-term solution.
France’s record-breaking heat last week has been linked to about 1,000 deaths, most involving elderly people.
According to World Health Organization Director-General Tedros Adhanom Ghebreyesus, Europe has recorded more than 1,300 excess heat-related deaths since June 21.
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Jul 7, 2026 / George Ford Smith
No Paine, No Declaration
In celebrating the 250th anniversary of the Declaration of Independence, we remember names like Jefferson and Washington. Unfortunately, the man probably most responsible for push this nation to independence, Thomas Paine, is mostly forgotten.
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