New Construction Demand, Home Sales on Fire
“We have been under producing for the past decade,” – Lawrence Yun, chief Economist of NAR hopes that an infastructure bill will bring high speed internet and public transportation to rural areas increasing the demand to build in places where it is cheaper and quicker to build housing. Rates – improved slightly this week as […]
Biden Economics, Jobs Report, Home Sales
Now that the election is finally decided, what does that mean for the economy? Biden’s plans include ambitious government spending on energy & infrastructure. The longer form details from Moody analytics can be found here. Joe’s ability to impart policy change will be partially predicated on the undecided senate elections. The Biden jobs and infrastructure […]
Rethinking Economic Principles, Rates Flat, Appreciation
Going below the ‘natural rate’ of unemployment could spark an inflationary escalator. even Fed Chair Powell has commented on how the relationship between unemployment & inflation has been zero. Globalization is good for everyone – except our blue collar workers. Large budget deficits cause the government and private sector to compete over selling bonds driving […]