Thread by @CantillonCH

...though basically unchanged in 3 1/2 years

#Housing

https://twitter.com/LeamingtonCap/status/1296630916849242115

And, those good ole #FederalReserve policies again mean the monthly cost of an average #NewHome (approximated here) is back where it was 15 years ago...

#housing #QE

...while, as a proportion of the average weekly wage )as per #NFP), well - you can see for yourself:-

As we always say, there'll always be a scarcity of something real as long as there are few such constraints on #money & #credit creation.

#mortgage #RE

Total dollars being spent on new builds are also setting post-#GFC highs. Hoocudathunkit?
PS #Housing Business is not being dominated by the higher price brackets, as in the last two busts (here proxied by average v median).

Short riff on the seeming paradox of #housing market behaviour amid pan(dem)ic. Graphs shown for the US, but the arguments applicable across the board
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