It’s been a while since I mentioned the multifamily market in Lubbock. Effective Rents per SF are up 4.8% YoY, hitting $1.09 in May. The permits for new units this year have dropped significantly, but building continues on units permitted in 2022. The submarket with...
It’s been a while since I pointed to one of my favorite econ blogs. Fortunately, Calculated Risk gave me an excuse by posted a two part “state of the housing market” discussion on its Substack. I recommend subscribing. Our Mover’s Moving Index muddled to a 150 in...
I saw today a chart showing that Fed watchers are moving their predictions of when we might expect a rate cut from the last quarter of this year into Q1 of 2024. I encourage you to try our new deal estimator. This widget, found on the Title One Home page, will help...
First, it was supply-chain issues; think concrete, lumber, windows, and appliances. Then the recent discussion about the lack of productivity growth in construction. Now it appears that all things conspire to slow the pace of single-family buildings. Our Mover’s...
Writing about winter in New England, the author Kurt Vonnegut suggested there was a season between winter and spring. In the deep, dark days, he called that season “Locking”. The days are short, the weather inhospitable, and it’s hard to get things done. I don’t know...
Things slow down at the holidays. Well, at least some business-related things do. My cookie-consumption actually increases. Looking ahead we will be keeping an eye on inventory, which usually bottoms out in the first quarter. We will also be watching prices, which,...
