3 ms·
The data don't support the claim "it's housing." The change happened exactly and spectacularly at COVID; housing complaints significantly predate this.
by ChrisLomont 5y ago
The data don't support the claim "it's housing." The change happened exactly and spectacularly at COVID; housing complaints significantly predate this.
- adam_arthur 5y agoWhile true that the first leg down was when covid hit, there's a noticeable second leg down in the summer of 2021. This also happens to be when inflation/price increases started to accelerate. It could also be due to govt aid programs expiring, leading to less disposable income.
- DeRock 5y agoHousing prices accelerated greatly since the start of COVID: https://fred.stlouisfed.org/series/csushpinsa https://fred.stlouisfed.org/series/csushpinsa
- ChrisLomont 5y agoYes, there was a massive building material shortage and labor shortage, both driving costs up. The complaints about housing prices predates this by well over a decade.