Most & Least Energy-Expensive States 2021 — and a concern for housing regarding future energy costs

The combined cost of housing and transportation expenses accounted for one-half (49.8 percent) of all monthly household expenditures in 2019 (prior to the pandemic) according to the Annual Consumer Expenditures Study by the U.S. Census Bureau.  Included in both of those are energy costs.  On a simple average across the 50 states, monthly energy costs …Read more

May 2021 State Job Metrics in a Recovering Pandemic Landscape

Yesterday this Blog discussed state employment metrics for May 2021.  See https://blog.stewart.com/stewart/2021/06/28/may-2021-state-job-metrics-in-a-recovering-pandemic-landscape/ Today the same metrics are presented but at the Metropolitan Statistical Area (MSA) level.   While the U.S. has 392 MSAs, data are available for only 380 from the U.S. Bureau of Labor Statistics (BLS) based on seasonally adjusted data which allows comparison of …Read more

The Ugly Trifecta Facing Homebuilders — May 2021 New Home Sales

Homebuilders face a trifecta of impediments – not winnings – with new home construction being hindered by shortages of workers, materials (including appliances, fixtures, HVAC and even hot-water tanks) and developed residential building lots.  As a result, May new home sales slid for the second month in a row sequentially from the prior month using …Read more

Commercial Real Estate Cycles for Q1 2021 — Dr Glenn Mueller’s Must-Read Quarterly Report

While housing markets turned hot after the first four months of the pandemic last year, commercial real estate still struggles.   Even prior to the pandemic there were growing trends of e-commerce migrations out from the higher-tax, greater density markets and growing work-from-anywhere jobs negatively impacting commercial property.  The pandemic magnified and accelerated these trends.   Detailed …Read more