Tag Archives: housing

Housing construction continues to support subdued expansion  – by New Deal democrat Yesterday I wrote of how manufacturing has faded somewhat as a leading indicator, at least in the sense that it takes a steeper downturn than it used to in order to forecast a wider downturn in the economy. Which makes the other big goods-producing sector, construction, even more important. And residential housing is the single most component of that.  And...

[unable to retrieve full-text content]Registration is now open for a housing and homelessness study tour of London (UK) that I’m helping to organize. More information is available here: https://pheedloop.com/form/view/?id=FOR596K0XGYKSXE78

The bifurcation in the new vs. existing home market continues  – by New Deal democrat Last week we saw that sales of existing homes plummeted to a 28 year low, save for one month in 2010; but prices for the very limited number of such homes on the market rose 2.8% YoY. This morning we saw the exact converse happen with new home sales, which rose to a 12 month high of 759,000 annualized, up 83,000 from one month ago; while prices declined...

The last holdout in housing data has turned; ‘recession watch’ for next 12 months remains  – by New Deal democrat Last month I wrote that: “the biggest news was what happened with units under construction. The total declined slightly, as did single family units. But most significantly, for the first time since February 2021, multi-family units under construction also declined. “Why is this so important? Because, as this long term...

Why the public still views inflation as a major problem, despite the official numbers  – by New Deal democrat This is the topic I indicated last week I wanted to write about more at length.  Paul Krugman wrote last week about the disconnect between most economists, who see inflation declining, and voters, who still see inflation as a major concern. Here’s a couple of his tweets: As I wrote last week, the “shrinkflation” in new homes is very...

The Big Picture of the housing market, and its almost complete bifurcation, in 3 easy graphs  – by New Deal democrat I want to spend some time commenting on the broader issue of why the public perceives inflation is still rampant, even though almost all official measures show it rapidly decelerating, and even completely absent on a YoY basis currently by a few measures. A big part of that has to do with housing, and since I’ve discussed several...

I’m pleased to share a ‘save the date’ for study tour: London (UK) in May 2024. Here’s the link: https://cihcanada.ca/calendar-by-month/calendar-by-list/ For this particular event, there will be two components: a housing tour for 2.5 days, and then a homelessness tour for 2.5 days. We expect some people will choose to register for both, while others will pick just one. The registration fee for each component is expected to be CA$900 + applicable taxes....

I’m writing an open access textbook on homelessness and have just released Chapter 6, which focuses on homelessness experienced by Indigenous peoples—especially in Australia, Canada and New Zealand. A ‘top 10’ overview of the chapter can be found here: https://nickfalvo.ca/homelessness-among-indigenous-peoples/

I recently helped organize a homelessness study tour of New York City. Our group consisted of 30 Canadians from the non-profit sector, government, law enforcement and academia. We toured six sites over a three-day period. Here’s my ‘top 10’ overview of the tour: https://nickfalvo.ca/ten-things-to-know-about-homelessness-in-new-york-city/

June inflation almost non-existent except for the fictitious measures of shelter  – by New Deal democrat  The message of this morning’s consumer inflation report was the same for almost everything except for the fictitious measures of shelter: sharp deceleration everywhere. Let’s take a look: Headline CPI up 0.2% m/m and 3.1% YoY (lowest since March 2021) Core CPI up 0.2% m/m and 4.9% YoY (lowest since October 2021): CPI less...