Housing

December 13, 2022 by Alex Williams — 5 min read

Why Are Market Rents Decelerating? It’s Probably Not Because Of The Fed

Market rents are decelerating, which means CPI-measured rents – and with them, core and headline CPI – should ultimately decelerate as well, with a lag. But is this deceleration due to the Fed’s actions? Or is it because job growth is slowing down...

The Supply-Side Damage Has Begun: The Dark Side Of Fed Tightening

Skanda Amarnath — 4 min read

Just as housing unit completions began to pick up in May, the pipeline of new housing units has already begun to fade. Builders are getting rationally spooked by...

Housing

The Physical Capacity Shortage View of Inflation

Alex Williams — 16 min read

Repeated price crashes in a variety of industries led to a situation of underinvestment in productive capacity that created the conditions for the inflation we see today.

Inflation Labor Markets Semiconductors Oil Housing

Why Are Market Rents Decelerating? It’s Probably Not Because Of The Fed

The Supply-Side Damage Has Begun: The Dark Side Of Fed Tightening

The Physical Capacity Shortage View of Inflation

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