What I'm Reading The Great Unbundling: A recently published Federal Reserve analysis of household formation shows a meaningful decline in living with roommates / others since the pandemic, coupled with a rise of living alone. This happened as consumption of housing went up during the pandemic and I've referred to...
December 17th – Spreading Out
What I'm Reading Spreading Out: There is building anecdotal evidence that a substantial portion of surging demand for housing is due to the US undergoing another episode of average household sizes shrinking, much as it did in the 1970s. Calculated Risk Whack a Mole: People are ricocheting between skyrocketing rents...
November 23rd – Cash Cows
Quick programming note: Basis Points will be off the rest of this week. Happy Thanksgiving, everyone! What I'm Reading Cash Cows: An unprecedented supply chain crisis has resulted in public container shipping companies hitting all time highs for net revenue. To put this in perspective, the $48.1 billion in 3Q21...