November 2024 Erdmann Housing Tracker

And notes on inflation

Another month in the books on the quite regular 2% inflation trend since July 2022. (Excluding shelter, which you should always do.)

I don’t see any reason to expect inflation to suddenly jump to a different trend. I think there is a sense among the commentariat that it could, because it is common to think that the Fed is still grappling with above-normal inflation, and it never has been under control. The Fed can’t control rent inflation, and it has been controlling all the other categories for 29 months now.

Tracker update and more color on inflation and housing below the paywall.