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The Diesel Crunch is Finally Causing Demand Destruction

The Diesel Crunch is Finally Causing Demand Destruction “Now signs have emerged that weaker demand in the past weeks may have slowly started to rebuild diesel inventories, contrary to seasonal trends. Distillate inventories in the U.S. rose by 3 million barrels in the six weeks to November 18, according to estimates by Reuters’…” To Read…

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Housing Market Obliterated: Pending Home Sales Post Record Drop

Housing Market Obliterated: Pending Home Sales Post Record Drop “Well, slowly but surely this epic collapse in sentiment is spreading to market metrics, and while it will take between 6 and 9 months for real-time data to reach the badly lagging government-level CPI and PCE data, what’s taking place in the US housing market right…

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October Rental Report: Rent Prices Slow for the Third Straight Month

October Rental Report: Rent Prices Slow for the Third Straight Month “In October 2022, the U.S. rental market experienced single-digit growth for the third month in a row after nine months of slowing from January’s peak 17.4% growth. The median rent growth across the top 50 metros slowed to 4.7% year-over-year for 0-2 bedroom properties.…

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Are Rent Controls Coming?

Are Rent Controls Coming? “As mentioned in a previous post, when I have looked at previous right to left, and left to right political swings, they seem to happen globally, and they seem to happen roughly at the same time. A global shift left happened in the 1930s, and kept shifting until 1970s, when it…

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Inflation is Melting Away

Inflation is Melting Away “Inflation is melting away.” To Read the Original Article Click Here Subscribe to our regular newsletter and get exclusive access to our next investment opportunity. Recent Posts

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U.S. Housing Starts Drop with Pullback in Single-Family Projects

U.S. Housing Starts Drop with Pullback in Single-Family Projects “Was a panel speaker at USC @LuskCenter board meeting this week. One key point of discussion related to multifamily starts, and anecdotal evidence of subcontractor price capitulation. This article and graph suggest capitulation will be later than expected.” ~Scott Choppin, CEO Urban Pacific To Read the Original Article…

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Builder’s Remedy Moves Inland with Hawaiian Gardens Project

Builder’s Remedy Moves Inland with Hawaiian Gardens Project “Weeks after a flurry of so-called builder’s remedy project applications in Santa Monica set off a statewide frenzy, the previously obscure legal provision has now appeared in the small L.A. County city of Hawaiian Gardens. The project comes from Long Beach-based workforce housing developer Urban Pacific, which wants to…

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National Multifamily Report: October 2022

National Multifamily Report: October 2022 “Still, high rates create a sliver of good news for multifamily. With home mortgage rates up to 7.3% as of early November, first-time homebuyers are being frozen out of the market according to the National Association of Realtors, and will be forced to remain in rentals.” To Read the Original…

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Home Builders Struggle to find Buyers as Cancellations Rise

Home Builders Struggle to find Buyers as Cancellations Rise “Some builders are offloading inventory to institutions that in turn put the units on the rental market. “The build-for-rent market is going to become increasingly important,” Lovallo said. While it won’t overtake the build-for-sale market, he noted, it “does broaden the pool of buyers.” To Read…

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Percent of U.S. Population Retired

Percent of U.S. Population Retired “What happens when after decades of massive returns you decide to put markets on steroids in 2020-2021 too via an unprecedented amount of fiscal & monetary stimulus? Well, boomers retire and never look back. And a smaller labor force compounds the inflationary backdrop we are in.” To Read the Original…

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