National home building permits and starts for August; 2019

https://www.census.gov/construction/nrc/pdf/newresconst.pdf

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TMLS market update for July; 2019

National rental metrics for July; 2019

Apartment Rents Begin to Lose Steam in July as the Monthly Rate Reaches $1,469

National consumer debt metrics for 2Q/19

Daunting Debt

19Q2 marked the 20th consecutive quarter of increasing household debt. During the quarter, debt increased by $192 billion, to $13.86 trillion. Mortgage debt rose by $162 billion to $9.406 trillion, surpassing the previous high of $9.294 trillion in 08Q3. Total debt is now $1.2 trillion, or 9.3% higher than the previous peak of $12.68 trillion also set in 08Q3. Since 08Q3, GDP has grown by 42% and inflation by 17.6%.

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Elliot F. Eisenberg, Ph.D.
GraphsandLaughs, LLC
elliot@graphsandlaughs.net
Cell: 202.306.2731
http://www.econ70.com

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National home builder confidence index for August; 2019

builder

National new home permits and starts for July; 2019

https://www.census.gov/construction/nrc/pdf/newresconst.pdf

United States homeownership metrics for 2Q/19

Abode Affliction

In 19Q2, the homeownership rate fell to 64.1% from 64.3% in 18Q2, the first Y-o-Y decline since 2016. And high home prices are why. They’re high partly because inventory, which had been marginally improving for 10 straight months, was disappointingly flat in June, and because new construction activity has been shrinking and thus detracting from GDP for 6 straight quarters. Moreover, rental vacancy rates fell and are nearing 35-year lows.

SHARE THIS:
Elliot F. Eisenberg, Ph.D.
GraphsandLaughs, LLC
elliot@graphsandlaughs.net
Cell: 202.306.2731
http://www.econ70.com

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