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Nobody knows except those that think they know.
and we are still producing double the jobs needed to account for population growth!
Does that account for immigration-legal and illegal?
Any charts that go into detail about the type, quality and wages of those wonderful jobs numbers ?
If "real wages" are having their best decade
people working two and three jobs to make ends meet ?
Less than 5% of the work force
Multiple job workers are
What about auto sales/subprime auto bubble?
Logan, what are you thought on housing/real estate for the next few years?
Which aspect of housing are asking about, sales, prices, housing starts, construction workers?
I'd like to see information about housing starts if possible.
Which aspect of housing are asking about, sales, prices, housing starts, construction workers?
1, 5 and 10 year outlook. Thanks!
but eventually will move.
Strategist saysbut eventually will move.
Not so fast!
Now come years 2020-2024 you should get some more mobility that is when I am forecasting to see some cooling down on this data line.
However...
If a new home buyer has a 2,500 sq ft home with 4 beds and has 2 kids, why would he or she ever move up unless they had more kids or job relocation.
Housing community completely missed this massive change in housing but come years 2020-2024 if we don't get more mobility it isn't because of lack of nested equity it is because people just don't want to move
Savings rates are dismal,
Perhaps a speaking tour is in order to convince those below the 50% quintile how well they are doing
Plenty of categories to pick from and then select profitability, growth, performance etc. for each sector.
As for housing you yourself have stated numerous times on the forum the bar was set so low any numbers showing an increase would appear more positive than they actually are
https://loganmohtashami.com/2018/04/23/a-solid-existing-home-sales-report/
By July of next year the U.S. is about to accomplish something it has never done
A. Longest Job expansion ever recorded in U.S. history
Already done .... 90 straight months and still counting .... previous record was 48 months back in the late 1980's
B. By July of 2019 it will have the longest economic expansion ever recorded in U.S. history
This has never happened in the same economic cycle
Now, the prime age labor force is growing again
and we are still producing double the jobs needed to account for population growth!
The last economic cycle only had 5 years of job growth avg running at 132K per month .... even today we are still above 180K per month with the longest job expansion ever in terms of consecutive months.