Recent News

/Recent News

Ongoing Obamacare

Ongoing Obamacare The inability of Republicans to repeal and replace Obamacare with the AHCA via the relatively easy reconciliation process bodes poorly for tax reform. This is because the $337 billion in savings over the next decade from gutting Obamacare, was key to "paying for" a substantial reduction in tax rates without dramatically raising the [...]

March 28th, 2017|Recent News|0 Comments

Delightful Data

Delightful Data   Today's weekly first-time unemployment claims data came in at a staggeringly low level of 235,000, the lowest weekly level since 11/24/73. The data has been strong for years and suggests very few layoffs. Additionally, October housing starts were very good! While YTD starts are up 5.9%, all important single-family starts are up [...]

November 23rd, 2016|Recent News|0 Comments

Gloomy Growth

Gloomy Growth   GDP growth remains weak a decade after the start of the Great Recession. It's not because the recession was caused by a financial meltdown, but because labor force growth is weak due to slowing population growth, educational attainment is plateauing, and corporate spending is feeble. Combined, these negative influences will keep GDP [...]

October 18th, 2016|Recent News|0 Comments

Strong Sales

Strong Sales While single-family starts are up 11% YTD and single-family permits are up 7.2% YTD, multifamily starts are down 1% and multifamily permits are down 17%, suggesting multifamily activity has peaked. Separately, new home sales are strengthening. The 727,000 seasonally-adjusted annual sales in July were the best since 10/07! Maybe it’s because new home [...]

August 26th, 2016|Recent News|0 Comments