Industry News: Prioritizing New Construction, High Housing Inflation, and U.S. House Prices By State
The podcast can also be found here:
Episode Overview
Today, your hosts, Ryan Glick and Charles Covey, dig into several real estate industry articles. They start by looking at an article which argues that new construction offers better value for developers amid a severe housing shortage.
Next, they shift their focus to an article from CNBC that explores why housing inflation remains high. Despite a cooling in the broader economy, the slow decline in housing costs continues to impact the Consumer Price Index (CPI). Charles shares his insights into the outdated methods of calculating the CPI and how modern data collection could provide more accurate and timely economic indicators.
Finally, Ryan and Charles review a visualization from Visual Capitalist, mapping the growth of house prices by state in 2024.