By Don Miller
Co-author
Money Morning

but a blizzard of new public money can come to your neighborhood, and it promises to be a real rescue plan for the masses, not just those in foreclosure or real financial burden.

markets tightening of credit and lending, foreclosures on the rise, and unemployment is rising steeply buyers on the sidelines, the blows of fate manufacturers such as DR Horton Inc. (DHI ), Pulte Homes Inc. (PHM) and Centex Corp. (CTX)

â? It will be a very cold winter indeed for manufacturers, “Joshua Shapiro, chief economist for forecasting firm MFR Inc., the U.S. reported wrote in a note to clients Monday MSNBC .

And the numbers are bleak.

U.S. Department of Commerce, yesterday (Tuesday) reported that housing starts, including the construction actually began, declined from 18.9% to a seasonally adjusted annual rate of 625,000 units 771,000 units in October, far less than the 740,000 analysts on Wall Street waiting. started

approval of a new building, forecast future construction, fell by 15.6% to 616 000 units of 730,000 units in October. This was also significantly fell below analysts’ expectations of 700,000. br


Starts up 47% in November compared to the rate in November 2007 and permits were 48.1%, the largest decline from year to year since January 1991.

But on the bright side, he recovered a decline in new home construction prices using the U.S. housing market.

Mon â? more we start younger, the more we can reduce existing stockpiles, said â? Steven Goldman, market strategist at Weeden & Co. LP, Reuters .

Obamaâ? s Housing Plan />

Some economists predict gross domestic product (GDP ) declined by 8% for the current quarter, making it taste the most radical policy proposals pleasant.

latest plan, the internal workings of President-elect Barack Obamaâ end? s Recovery team is a force, sporting an incredible price tag of billions of dollars.

According to Bloomberg

, the so-called Hubbard-Mayer plan by Lawrence Summers, President Elect-reviewed National Economic Council, and has already? on the way to Treasury.â ????

The plan provides for the revival of the market offers nearly defaulting Living everyone has access to a 30-year fixed-rate loan at an interest rate of 4.5%. Itâ is almost one percentage point lower than the current national average of 5.47% for the same plan could owners that their mortgages

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want to refinance the bottom line available .. If you have a mortgage, this plan would put extra money in your pocket

. , a homeowner currently has a mortgage 0000, 30 years at 6.1%, the average fixed this year issued, lowering the interest rate to 4.5% would reduce the monthly payment of about 0.

thought Obama team is that this plan was the magic needed to improve the economy. After all, if Joe taxpayer? monthly payment drops to 0 of housing, it could go no fear and hea Now, a new car? s desire.

impact of millions of subsidized mortgages, as this could significantly increase the number of buyers and help stabilize or even push property values up again.


> But the plan could be so expensive that the Treasury may try to limit it to new home buyers, which prevents refinancing homeowners who want to participate.

but perhaps not practical. According to a scenario outlined by the experts, owners could simply build the project to a friend in an agreement under which each would agree to buy the others? home, take advantage of new could loan of 4.5%, to do so. Then they stop, demanding the return of the deed or lease to another for the same price.

mortgage plan is radical, and may well be strong enough to turn to help fight the economy. And a Billion Bailout has something for almost everyone.

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