At the recent Fed press conference, Jerome Powell said: Coming out of the pandemic, rates were very low, people wanted to buy houses, they wanted to get…
This month’s review of housing construction and new home sales reports are for subscribers only. The trends in construction activity continue to be…
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Price/Income in poor neighborhoods really seems to convey useful information.
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Price/Income as a supply indicator
For Pete's Sake, Unsustainably High Home Prices DO NOT Call For Austerity.
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Inadequate supply (even "luxury" supply) hurts poor families. Full Stop.
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I was recently sent this tweet, which seems like a good jumping off point for a quick overview of the housing market: The first 2 points here are…
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Here are some more charts on supply vs. cyclical price components that might help highlight recent market trends. Similar to some in the recent post…
The California YIMBY Miracle Continues
In the previous post, I walked through the various distinct phases of the American housing market over the past 20 years. Some of the observations I…
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Here’s a way to think about the cyclical ups and downs of the housing market over the past 20 years. I’m going to walk through these ups and downs to…
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Following up on the previous generalized post about business cycle, in this post I want to address homebuilders and the construction industry…