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Tag Archives: housing

Housing permits and starts the lowest since 2020, units under construction also decline further, but no yellow caution flag yet

 – by New Deal democrat I’ve written repeatedly in the past few months that I am paying especial attention to the manufacturing and construction sectors for signs of weakness now that the supply chain tailwind for the economy has ended. At the beginning of this month, one show appeared to have dropped, as the ISM report on manufacturing showed contraction for the second month in a row, declining slightly to 48.7, with the more leading new orders...

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The economy during Biden’s tenure has not been kind to young person’s looking to buy or rent property

 – by New Deal democrat I saw a graph within the past few days (which unfortunately I did not make a copy of) indicating Biden’s polling problems are not against Trump per se so much as they are the failure of Biden to consolidate support among young voters, especially voters of color, vs. Trump’s having already consolidated his base support. One reason, is the huge generational divide in how the Israel/Palestine issue is viewed. But the other...

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Why fighting small apartment buildings is self-defeating and short-sighted

by Lloyd Alter Carbon Upfront! Llyod discusses the changing needs of the largest retirement population to be occurring in the next decade or baby boomers. Baby Boomers are on the verge of requiring smaller living spaces in close proximity to transportation, shopping, and healthcare. Easier and greater accessibility is paramount going forward.as they will not be as mobile as they once were. Cars may be out of the question. Living quarters...

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April existing home sales remain deeply depressed, continuing the chronic shortfall in housing supply

 – by New Deal democrat Let me tie this morning’s report on April existing home sales into my two last posts (Part 1 and Part 2), which concerned the huge role that shelter prices, and the underlying shortfall in housing capacity, have in the continued elevation in overall consumer prices. So let’s start by looking at the last 10 year history of existing home inventories [note: all graphs in this article are from the site Trading Economics,...

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A closer look at inflation (Part 2 of 2): how the Fed’s rate hikes actually *exacerbate* inflation in shelter

 – by New Deal democrat Yesterday I discussed how virtually the entire issue of inflation remaining above the Fed’s target was the housing sector. Let me start today’s post where I left off yesterday: namely, that the net level of divergence between total headline inflation and shelter inflation of 1.15% is one of the highest such divergences in history, and the longest such big divergence. Here again is the graph: Today I want to discuss...

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Canada’s 2024 federal budget: What’s in it for rental housing and homelessness?

I’ve written a blog post titled “Canada’s 2024 federal budget: What’s in it for rental housing and homelessness?” The English version is here: https://nickfalvo.ca/canadas-2024-federal-budget-whats-in-it-for-rental-housing-and-homelessness/ The French version is here: https://nickfalvo.ca/le-budget-federal-2024-quels-sont-les-avantages-our-le-logement-locatif-et-litinerance/

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Women’s homelessness

I’ve just published Chapter 8 of my open access textbook. This new chapter focuses on women’s homelessness. An English summary of the new chapter can be found here: https://nickfalvo.ca/womens-homelessness/ A French summary of the new chapter is here: https://nickfalvo.ca/litinerance-chez-les-femmes/ All material related to the textbook can be found here: https://nickfalvo.ca/book/

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The bifurcation of the new vs. existing home markets continues

 – by New Deal democrat The Bonddad Blog The bifurcation of the new vs. existing home markets continued in March, per the report on existing home sales and prices yesterday. Remember that, unlike existing homeowners, house builders can vary square footage, amenities, lot sizes, and offer price and/or mortgage incentives to counteract the effect of interest rate hikes.On a seasonally adjusted basis, existing home sales declined from 438,000 to...

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