Over the past few years I’ve had a front-row seat to the mounting cost, slowness, and sheer frustration clogging up housing in America. Every city feels like it’s trying to build more homes—except everything from permitting to contractors, materials, labor, codes, is...
Lumber prices just hit their lowest point in a year, and while that might sound like good news for builders, it’s flashing a warning sign for the broader economy.On September 1, lumber fell to $526.50 per thousand board feet, marking a 52-week low. Futures are down...
The U.S. economy is starting to feel a little shakier than the headlines might suggest. New data from the federal government shows things have been worse for American workers than we were led to believe. The Bureau of Labor Statistics’ preliminary benchmark...
This morning I broke down rising recession risks, sticky inflation, and a labor market flashing red lights in my Medium post. But after digging into more data, a fascinating counterpoint is emerging: despite tariffs, rising prices, and economic jitters, American...
The labor market is officially sending a distress signal. August’s Nonfarm Payrolls data came in well below expectations, unemployment is creeping higher, and for the first time in this cycle, there’s a one-to-one ratio of unemployed workers to job openings. The...
The confirmation hearing for Stephen Miran, President Trump’s nominee for the Federal Reserve Board of Governors, wasn’t just another political spectacle in Washington. For investors like us, it’s a signpost of where monetary policy is headed — and a reminder that...
