Subscribe for free to the America First Report newsletter.
(The Center Square)–The U.S. Census Bureau unrolled a new experimental method of using images from space to count new housing construction.
“For select areas of interest, Survey of Construction (SOC) data collected by field representatives have been replaced with estimates obtained from satellite imagery to demonstrate the efficacy of this data collection method,” Census said in a Dec. 19 release.
The method entails running satellite images through “convolutional neural networks,” or CNNs, to identify construction.
The programs will be able to differentiate excavation, foundation, framing, unfinished roof, and finished roofs, per the Census. It is expected to be able to distinguish between single-family detached, single-family attached, multi-family, and non-residential.
This data will be combined with conventional data Census received from local government offices to give a clearer picture of home construction data moving forward.
The bureau is only using the experimental method in District 7, which includes Texas, Oklahoma, Arkansas and Louisiana.
Data from the district shows 14,100 new housing starts in November.
“This product demonstrates a new computer-vision based approach to monthly economic measurement that can improve geographic granularity and accuracy while also reducing respondent burden,” the release said.
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
