The Housing Market Slumped Unexpectedly in July; Here’s Why Experts Should Have Listened to Stu

The housing market, which has been slowly recovering from the recession, took an unexpected hit in July sales for single-family homes.

Experts had predicted that sales of new single-family homes would increase slightly in July; however, Commerce Department numbers showed that sales were down 9.4 percent from June numbers as well as 8.9 percent year over year, Reuters reported. The housing market is short on properties, land and labor, slowing down its growth and spiking housing prices.

The fall to a seasonally adjusted annual rate of 571,000 units last month put the sale of new single-family homes at the lowest level since December 2016, while the percentage drop from the previous month was the largest since August 2016.

On radio Wednesday, Stu pointed out that the economists predicting July’s housing sales could have known that this was going to happen – if they listened to the show every day.

“The data point they didn’t have at the time was to know that I was going to buy a house,” Stu said. “So if they knew I was purchasing a house in that month, they would have known the housing market was about to collapse.”

Glenn added that maybe people shouldn’t follow their advice. “If you just do the opposite of whatever we tell you to do, America would be fixed,” he joked.

GLENN: Listen -- listen to this stat on -- on housing. This just -- this stat just came out. Listen to this.

STU: New US single family home sales unexpectedly fell in July, dropping to their lowest in seven months, which could raise concerns of a slow down in the housing market recovery. Commerce Department said on Wednesday, new home sales tumbled 9.4 percent. This confounded economists' expectations for a 0.3 percent gain. So they thought it was going to go up 0.3 percent, and it went down 9.4.

PAT: Wow.

GLENN: That's in a month.

STU: Well, yeah. I think -- let me see I have the chart here. No, 9.4 is going to be year to year.

GLENN: Year to year.

STU: Now, of course, the data point they didn't have at the time was they didn't know that I was going to buy a house. So if they knew I was purchasing a house in that month, they would have known the housing market was about to collapse. But since they didn't know that -- this is why you listen to this show.

GLENN: If you just do the opposite of whatever we tell you to do, America would be fixed and you would be fat and sassy. I'm just saying. Back in a minute.

How many times must the corporate media get something completely wrong — and attack anyone who dares to disagree — before we realize who they have become?

On the radio program Friday, Glenn Beck shared an article from the Daily Caller titled, "Eight Anti-Trump Narratives the Media Finally Had to Admit Were False All Along." From the Lafayette Square controversy to the denial that COVID-19 could have anything to do with a lab in China to the "Russian bounties" story, the list of mainstream media conspiracy theories goes on and on. If it were anyone but the liberal media who got the facts this embarrassingly wrong, they would have been out of a job long ago.

Watch the video clip below to hear eight of the most anti-Trump the narratives shamelessly pushed by the media — that were completely wrong.


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Former President Barack Obama sat down with CNN's Anderson Cooper recently for an interview scheduled to air in full on Friday. During the interview, Obama scoffed at the idea that critical race theory could be a "threat to our Republic," while claiming that "right-wing media venues" are "stoking the fear and resentment of a white population."

On the radio program Wednesday, Glenn Beck set the record straight: the right-wing media's efforts to call out the far-left have nothing to do with race in America, but rather everything to do with protecting our way of life that is being threatened more and more each day by the radical, Marxist ideology seeping into government.

"Mr. Obama, you lied," Glenn asserted. "You used the IRS to hunt down your enemy. You spied on the media. And your health care package, which was supposed to save every American $3,000 per year, has helped some, perhaps, while raising the cost of everyone's health care in double and triple percentages. But the worst thing that you did, is you planted, you watered, and you protected the Marxist seeds, by crying race."

Watch the video clip below to hear more from Glenn:

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Our sacred republic has never been in more danger than it is today. Little by little, industry by industry, the far Left is fundamentally transforming the country we love. And it's an aggressive, hostile kind of takeover we've only seen in some of the world's darkest societies.

On Glenn TV this week, Glenn Beck exposes how the Biden administration and Democrats are aggressively scrambling to reset everything: our free and fair voting system, our kids' education, our policing, immigration and border security, our economy, our military, and our energy supply.

Finally, Congressman Dan Crenshaw (R-Texas) joins to discuss how Biden's "woke" policies are threatening America's national security and our way of life.

Watch the full episode below:

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Apparel company The North Face recently stated that it would no longer make jackets for oil and gas companies because it doesn't want to be associated with the fossil fuel industry. In response, Colorado-based oil and gas company Liberty Oilfield Services rented full billboard ads to remind The North Face of the truth: "Globally, 60% of all clothing fibers are made out of oil and gas. For North Face, it is likely 90% or more."

Liberty CEO Chris Wright joined Glenn Beck on the radio program Tuesday to discuss just how much of our economy — beyond outdoor apparel and energy — wouldn't exist in a world without fossil fuels. And he warns that many companies are now deeming this truth to be "controversial."

"I have been for years, trying to get a real, honest dialogue about energy going," Chris told Glenn. "So we took this opportunity to point out that North Face jackets are ... almost completely made out of oil and gas. How can you choose not to associate with the essential material your equipment [is] made out of? So we put a billboard up ... the billboard says, 'That North Face puffer looks good on you. And it was made from fossil fuels.'"

"Most billboard companies did not want to run that billboard. They thought it was controversial," he added. "And Facebook put a hold on our brief video just saying the jacket looks good, this is what it's made out of. In today's world, that is controversial."

Watch the video below to catch more of the conversation:

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