From Our CEO
Permits to Build U.S. Apartments Have Dropped Nearly 30% Since the Pandemic
Builders obtained permits to construct 13 multifamily units per 10,000 people this year, down from an average of 18 in 2021-2023. They’ve pumped the brakes
Canada Can’t Fix Its Housing Crisis Without a Land Value Tax
This article was co-authored with Floyd Marinescu and was originally published in the Toronto Star on June 22, 2024. Canada faces a housing crisis, with
Soft Jobs Report Increases Chance of Lower Mortgage Rates
Continued cooling in the labor market, as shown in the June jobs report, points to a September rate cut from the Fed as long as
U.S. Home Prices Hit New All-Time High, Pushing Pending Sales Down 5%
Pending home sales posted their biggest decline since February during the four weeks ending June 30. The good news for prospective buyers: There are more
Newly Built Apartments Are Filling Up at the Slowest Pace Since 2020
47% of U.S. apartments that were completed in the fourth quarter were rented within three months, down from 60% a year earlier. There are more
Starter Homes Are Affordable to the Typical Black Family in Just 10 Major U.S. Metros
Starter homes are affordable to a Black family earning the local median income in 10 major U.S. metros: Detroit, St. Louis, Baltimore, Indianapolis, Philadelphia, Cleveland,
Permits to Build U.S. Apartments Have Dropped Nearly 30% Since the Pandemic
Builders obtained permits to construct 13 multifamily units per 10,000 people this year, down from an average of 18 in 2021-2023. They’ve pumped the brakes
Canada Can’t Fix Its Housing Crisis Without a Land Value Tax
This article was co-authored with Floyd Marinescu and was originally published in the Toronto Star on June 22, 2024. Canada faces a housing crisis, with
Soft Jobs Report Increases Chance of Lower Mortgage Rates
Continued cooling in the labor market, as shown in the June jobs report, points to a September rate cut from the Fed as long as
U.S. Home Prices Hit New All-Time High, Pushing Pending Sales Down 5%
Pending home sales posted their biggest decline since February during the four weeks ending June 30. The good news for prospective buyers: There are more
Newly Built Apartments Are Filling Up at the Slowest Pace Since 2020
47% of U.S. apartments that were completed in the fourth quarter were rented within three months, down from 60% a year earlier. There are more
Starter Homes Are Affordable to the Typical Black Family in Just 10 Major U.S. Metros
Starter homes are affordable to a Black family earning the local median income in 10 major U.S. metros: Detroit, St. Louis, Baltimore, Indianapolis, Philadelphia, Cleveland,
