The Cefa Brief

ComentáriosConstataçõesPerspectivasExplicativos

Arquivo

Correspondem a esses filtros: 12 textos

Textos

  • ConstataçãoMacroeconomics & Markets

    Since 2022 the home-price index has risen 10.1 per cent while the median new house has sold for less each year

    The index stands at 328.5 for 2025 against 298.3 for 2022, and the median price of a new house sold runs 433, 427, 419 and 415 thousand dollars over the same four readings. The two series cover different housing and report different statistics, so neither one corrects the other.

  • ConstataçãoInfrastructure

    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.

  • ComentárioHousing 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.

  • ExplicativoRegional 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.

  • ExplicativoInfrastructure

    What makes an industrial site shovel ready

    Site readiness is a list of specific permissions and physical connections, not a mood. By the end you will know what a certified site has actually cleared, what it has not, and which constraint usually decides the timetable.

  • ExplicativoInfrastructure

    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.

  • ConstataçãoHousing & Urban Development

    Two years of decline have taken the mortgage rate 0.21 points off its peak

    The thirty-year fixed rate peaked at 6.81 per cent in 2023, and the two annual readings since are 6.72 and 6.6. The federal funds rate ended those same two years 0.81 points lower, nearly four times as far, though it rose before it fell.

  • ComentárioRegional 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.

  • ExplicativoRegional Development

    How a tax-increment financing district works

    A TIF district pays for public works out of the tax growth those works are meant to cause. By the end you will know what the district captures, who gives it up, and what the argument between supporters and critics is actually about.

  • ConstataçãoHousing & 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.

  • ComentárioInfrastructure

    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.

  • PerspectivaLabor 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.