Housing
14 postsWhy Are Market Rents Decelerating? It’s Probably Not Because Of The Fed
Market rents are decelerating, which means CPI-measured rents – and with them, core and headline CPI – should ultimately decelerate as well, with a lag. But is this deceleration due...
The Supply-Side Damage Has Begun: The Dark Side Of Fed Tightening
Just as housing unit completions began to pick up in May, the pipeline of new housing units has already begun to fade. Builders are getting rationally spooked by...
The Physical Capacity Shortage View of Inflation
Repeated price crashes in a variety of industries led to a situation of underinvestment in productive capacity that created the conditions for the inflation we see today.
