These Charts Show Exactly How the Fed Killed the Housing Market

Don't believe any headlines that claim there's a housing "recovery" in the United States. The truth is, there is no single family housing industry to speak of today. What for generations was a main driver of U.S. economic growth has been brought down by the past seven years of the Federal Reserve's zero-interest-rate policy (ZIRP). ZIRP has been a disaster for the U.S. economy, the middle class - just about every facet of American economic life has suffered from this fiscal disaster masquerading as coherent monetary policy. Today I'm going to show you five charts that tell the story of exactly how much damage the Fed has done to U.S. housing. Most are derived from this week's release of new home sales data from the U.S. Census Bureau. You'll see how the rise in home sales since 2011 has really been a four-year dead cat bounce that hasn't helped most Americans, hasn't meaningfully contributed to U.S. economic recovery - and now appears to be stalling... Tags: Federal Reserve , Home Sales , Housing Market , U.S. Home Sales , u.s. housing , u.s. housing market To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post These Charts Show Exactly How the Fed Killed the Housing Market appeared first on Money Morning - We Make Investing Profitable .