Summary: September housing starts were weak, as they have been since the crash. Their failure to recover has been a surprising and large drag on this economic cycle. Demographic change and slow GDP prevent a housing recovery. On the other hand, housing busts create recessions; this slow expansion (without a boom) is more sustainable — …
Why New Home Construction Is Slow, And Will Remain So For A Long Time Read More »
Summary:Â It’s time for another look at the US economy. Economists have lots of enthusiasm. Lots of bad news, blamed on the severe winter that hit much (but not all) of America. Has the data warmed up? Is it Springtime in America? Content Stand by for the boom! About housing, a driver of the recovery …
Status report on the US economy: stand by for the boom! Read More »
Summary: The previous post about the economy examined the odds of recession. Today’s let’s take a more granular look at the economy. In the first half of the year the US economy expanded (GDP) at 1.4% (SAAR). Faster than Q4 (near-zero), but well below the 2% stall speed. Yet most economists expect acceleration in the …
How strong is the US economy? Let’s look at drivers of growth! Read More »
