Posts filed under “Economy”
Friday’s U.S. housing starts data showed new-home construction last month rose to its second-highest level since 2007, with much of that gain being driven by apartment projects. While that’s good news for the growing number of Americans eschewing homeownership, it could also mean the housing market improvement packs a slightly smaller economic punch, according to Ryan Sweet, a senior economist at Moody’s Analytics Inc. Each multifamily housing start creates about two jobs over the course of the year, while each single-family start creates four or five, he said. Apartments are usually smaller than single family homes, and less building materials are often needed. There’s also a trickle-down effect involved when people buy a home because they have to buy all the things that go into it. Smaller spaces theoretically mean less stuff bought to fill them, which means relatively less demand for that stuff, which means fewer people needed to make that stuff.
Source: Victoria Stilwell, Bloomberg News
@TBPInvictus Among the more overlooked data sources out there is the Federal Reserve’s Survey of Consumer Finances (SCF). My guess as to why it’s overlooked is that it’s only published triennially – not exactly a high frequency release. The most recent (2013) update was issued last September. As I saw very few, if any, write-ups…Read More
Combining GDP and GDI for a Better Measure of the Economy Could Be Tricky Daniel Carroll, Jessica Ice Cleveland Fed, 7/20/15 After the Bureau of Economic Analysis (BEA) released its latest estimate of real GDP growth for the first quarter of 2015—a disappointing −0.2 percent—economists began looking for reasons for the sudden…Read More
The Effect of the Strong Dollar on U.S. Growth Mary Amiti and Tyler Bodine-Smith Liberty Street Economics, July 17, 2015 Correction: This post was updated on July 17 to replace the term “export volumes” with “real export values.” Although the terms are often used interchangeably, the term “real export values” is deemed more precise….Read More
Interview with Alvin Roth Stanford economist on matching theory, kidney markets and the importance of coffee Douglas Clement | Editor, The Region Published June 15, 2015 | June 2015 issue Interview conducted March 11, 2015 In “normal” markets, prices adjust to equate demand and supply; the market clears. This simple premise is at the core…Read More