

Sales of new single-family homes posted a small gain in August, increasing 1.5% to 740,000 at a seasonally adjusted annual rate from a 729,000 pace in July. Despite the gain, sales are down 24.3% from the year-ago level and are 25.5% below the 993,000 pace in January...
New single-family home sales rose but so did inventory and months’ supply

New single-family home sales rose but so did inventory and months’ supply
Sales of new single-family homes posted a small gain in August, increasing 1.5% to 740,000 at a seasonally adjusted annual rate from a 729,000 pace in July. Despite the gain, sales are down 24.3% from the year-ago level and are 25.5% below the 993,000 pace in January...
New single-family home sales rose but so did inventory and months’ supply

Hating landlords misplaces the blame
“No wonder people f—–g hate landlords.” That was what comedian Andy Richter tweeted (since deleted). What caused that reaction? A landlord wanted six month’s advance rent on an apartment he was seeking for his son. However, that expletive reflects...
Hating landlords misplaces the blame

A tale of two Josephs
The Biden administration may yet rue its tax and spend agenda. Writing a year ago, during the uncertain early days of the pandemic, we predicted that the US government would come to the rescue of the private sector in a manner that was likely to be transformative to...
A tale of two Josephs

What I’ve learned about Latin American investors
Originally published February 2021. That I have worked and lived on three continents has given me the chance to create amazing relationships with many different people and cultures, and more importantly, to develop the ability to put things into perspective and...
What I’ve learned about Latin American investors