Regarding the rise in single family starts - people continue to have life changes that necessitate changing where they live in spite of the cost of doing so. The used home market has limiited inventory because not many people are moving and high interest rates. The new home market can be attractive because the larger builders are offering their own financing, much of the time at a rate better than the rest of the market.
There is no deflation (clickbait?) .... price growth is slowing, in part to the laspyeres design of cpi and changes to quality and innovation overweights
Real productivity and growth are not happening macro , it’s sectoral , you can see it in weak software sales and the shedding of sales forces anticipating the impact AI will have in automation of b2b sales ( which I think may backfire because people like to trade with people and not with algorithms ... like playing solitaire )
Macro finance sector is selling us a bill of goods to keep interest rates from rising in a political year (sad that we can’t divorce good decisions from political king making )
Great compendium of metrics overall... nice stack !
Regarding the rise in single family starts - people continue to have life changes that necessitate changing where they live in spite of the cost of doing so. The used home market has limiited inventory because not many people are moving and high interest rates. The new home market can be attractive because the larger builders are offering their own financing, much of the time at a rate better than the rest of the market.
There is no deflation (clickbait?) .... price growth is slowing, in part to the laspyeres design of cpi and changes to quality and innovation overweights
Real productivity and growth are not happening macro , it’s sectoral , you can see it in weak software sales and the shedding of sales forces anticipating the impact AI will have in automation of b2b sales ( which I think may backfire because people like to trade with people and not with algorithms ... like playing solitaire )
Macro finance sector is selling us a bill of goods to keep interest rates from rising in a political year (sad that we can’t divorce good decisions from political king making )
Great compendium of metrics overall... nice stack !
Great data and references - thanks for what you do. I'm sold