US – Dec Housing Starts
22/01/2021 10:03 am MYT
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Housing starts in Dec increased by 5.8% month-on-month and 5.2% year-on-year to a seasonally-adjusted annual rate (SAAR) of 1.669 mln units (figure 1). Month-on-month, the number of single-family housing units started rose by 12.0%, while multi-family housing units started fell by 15.2%. Meanwhile, year-on-year, the number of single-family housing units started surged by 27.8% while multi-family housing units started plunged by 44.0% to a SAAR of 1,338,000 and 312,000, respectively. Building permits, an indication of future construction activity, increased by 4.5% from Nov and 17.3% from a year ago to a SAAR of 1.709 mln units.


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Note from Publisher
According to a survey conducted by SeekingArrangement, the world’s largest sugar dating website, Malaysia is home to 42,500 sugar daddies, making it the third largest in Asia after India and Indonesia. Given that the founder of Sugarbook, the biggest “sugar daddy-sugar baby” dating service in Asia, is a Malaysian, perhaps such a finding does not come as a surprise. The flourishing of the “sugar” business in the country has revealed some disturbing undercurrents that have not received their due attention from society.

First of all, the widening income gap between the rich and poor has left many young women with little choice but to become sugar babies. The flood of unemployment from the Covid-19 pandemic has only worsened the situation. Sugarbook recently revealed that it had recorded a 40% increase in students registering to be “sugar babies” since Jan, with 12,705 of them hailing from 10 institutions of higher learning in the Klang Valley.

Secondly, the unrelenting consumer culture of late-stage capitalism has made one’s identity synonymous with what they purchase and possess. The effect of this phenomenon is especially severe on the young, who often succumb to peer pressure. There has been too much emphasis on the academic performance of young people vis-à-vis their mental health in the society.
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