News

Landmark Links December 14th – Downstream Pressure

  Must Read: A housing market slowdown where builders retrench further from already meager construction starts would be bad news for renters (and good news for multi-family investors).  Household formation has a positive demographic tailwind and there is not a readily available substitution for either owning or renting.  Therefore, fewer new for-sale units = more renters […]

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Landmark Links December 11th – Not Rocket Science

  Lead Story: Nobel Laureate Robert Shiller wrote a piece for the NY Times this weekend discussing how the current housing market run-up in price is now the third highest in history behind only the post-World War II era and the housing bubble of the aughts.  The article makes the typical strong points and solid […]

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Landmark Links December 7th – Inverted

  Must Read:  The yield curve has been getting a lot of attention this week and perhaps rightfully so.  The yield between 5-year notes have dropped below those on both 2-year and 3-year securities.  This, in addition heated tariff rhetoric, led to a turbulent financial market to say the least.  However, there are many yield […]

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Landmark Links December 4th – Insurmountable

  Must Read: Supposedly-green California is falling short on its carbon reduction goals because not enough new housing is getting built, forcing people to drive further. Economy Stuck in Place: Any way that you look at it, Americans are staying in place longer and the decline in mobility is not a positive economic development. Mystery Solved: […]

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