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- BefundInfrastructure
Each yearly fall in housing starts has been smaller than the one before it
The starts rate has declined in four consecutive observations, but the declines are shrinking: 0.05, then 0.13, then 0.05, then 0.01. The last of those is one unit in the final published digit, which means the series has stopped moving at a level below where it began in 2020.
- KommentarHousing Supply
Federal policy cannot raise housing supply and should pay for authorisations instead
Idaho authorised 0.98 new private housing units per thousand residents in July 2026 and California 0.21, a ratio of 4.66, under the same federal tax code and the same policy rate. Idaho's house-price index has still multiplied 8.78 times since 1980 against California's 9.75, so authorising more has not by itself held appreciation down.
- ErklärstückRegional Development
Building permits and what they signal before the construction shows up
A permit is an authorisation, not a building. By the end you will know why the series moves before construction spending does, and why a single month of it is close to useless on its own.
- ErklärstückInfrastructure
What a permitting timeline is made of
A permit is the last document in a sequence, not a single decision. By the end you will be able to name the separate stages a permitting clock runs through, and say which of them a given reform would actually shorten.
- KommentarRegional Development
A house price index is not a house price
Maine's house price index stands at 1044.11 and California's at 974.97. Each state's index is anchored at 100 in the first quarter of 1980, which means the ranking measures appreciation since then and says nothing at all about what a house costs.
- BefundHousing & Urban Development
Housing units authorised by permit fell in every year after 2021 and are now below their 2020 reading
The series peaked at a monthly average of 1734 thousand units in 2021 and has come down in each of the four years since, to 1431 in 2025. The thirty-year mortgage rate reached its own high in 2023 and has eased in the two years since, and authorisations fell in both of them.
- KommentarInfrastructure
Three flat years of housing starts is a result, not a pause
Starts have run at 1.42, 1.37 and 1.36 million units since 2023, below where the window opened in 2020. The dollars going into construction rose through the same period, and the dollars are what gets quoted.
- PerspektiveLabor Markets
Healthcare employs more people at higher median pay than production work, which does not mean a transition has held anywhere
Summed across the fifty-one jurisdictions in the 2025 occupational file, healthcare practitioners outnumber production workers by 1,258,080, and in all fifty-one the practitioner median wage is the higher of the two. The jurisdiction most concentrated in that work has the third-lowest median wage of the fifty-one.