Chart of the Day: Housing Is Back!

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Well, maybe. April saw sales of 619,000 new single-family homes. This is starting to get very close to the average from 1980-2001, before the housing bubble and subsequent crash. At our current rate, we’ll exceed the old average by this time next year.

Is this good or bad? It’s nowhere near bubble territory, so it should be good. If people are buying new homes, it’s a sign not just that the economy is picking up (we already knew that), but that people are confident enough in the economy to tie themselves into 30-year mortgages at the same rate they did back when the economy was motoring along. So: two cheers for housing!

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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