AP’s New-Home Industry Meme (‘Worst in 47 Years’) Is Demonstrably False; It’s the Worst Since World War II
In its reports about the U.S. homebuilding industry and new home sales, the Associated Press has gotten lazy and/or deliberately deceptive. In doing so, it is giving readers, listeners and viewers at its subscribing outlets a completely incorrect impression that the industry and market are getting off the mat after recently being in their worst shape, in their words, “in 47 years.” After identifying offending examples, I will demonstrate that industry activity and sales during 2010 have been almost undoubtedly at their lowest levels since World War II. The following items, all from Thursday, demonstrate AP's concerted attempt to limit the damage to “47 years” ago. read more
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on December 28, 2010. Filed under