The Economy Rockets Up – Is a Slowdown Coming?

The answer to the headline above is … maybe. It’s like a rocket booster that fires off its launching pad and zooms up into space, but then starts to fall rapidly back to earth. I know, I know – Elon Musk and Jeff Bezos have figured out how to land them back on earth safely, but for more than 60…

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The Housing Affordability Challenge

Last month, I wrote about a recent report issued by the National Association of Home Builders/Wells Fargo Housing Opportunity Index, also known as the “HOI,” which showed that just 54.2% of new and existing homes sold between the beginning of October and end of December were affordable to families earning the U.S. median income of $79,900.  This is down from…

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Is The New Home Market Cooling?

I wrote recently about how the housing market continues to show strength, driven in part by buoyant builder sentiment, low inventories and high demand across all price points. That was back in the fall, and while all signs point to strong new home demand through this spring and summer, a new confluence of pressures could force a tamping down of…

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The Return-To-Office Conundrum

I was in New York City during the first week of January, and the streets of Midtown Manhattan remain eerily quiet. But what was most telling was the view from my hotel room. I could enjoy the still-standing Christmas tree at Rockefeller Center, and the dusting of snow that covered the roof of St. Patrick’s Cathedral, a sight to see.…

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The Inflation Threat – More Concerning Than We Expected

I have written extensively in the past in this and our sister publication Concrete Products about how the Fed has balanced the economy over the past many years, maintaining low interest rates against the backdrop of strong employment numbers, which is a real parlor trick at a minimum. And more recently, I corrected myself and said our firm’s view of…

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Job Growth Continues to Explode

An email appeared in my inbox from the homeowner’s association that runs our subdivision, and it was a forward from the trash hauling company that services our community. They announced they were suspending the collection of recycling until further notice due to an acute shortage of drivers and helpers, so they could focus on the more essential task of collecting…

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Mergers and Acquisitions Dominate the News

In the last couple of months, I have written about the housing boom, as well as an economy on fire, which coupled with the prospects for an infrastructure bill just adds optimism to the outlook for our industry. But as we look out toward the last remaining months of the year, it has been remarkable to witness the growth spurt…

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