The Location Strategy Top 10

THE LOCATION STRATEGY TOP 10

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Housing affordability is not returning to pre-2021 levels any time soon, according to Goldman, in large part because levels of housing distress remain quite low.

This week's GDP report was stronger than expected, driven by rising inventories and government spending. The "core" GDP," which is real final sales to private domestic purchasers, saw almost no growth.

Housing affordability is not returning to pre-2021 levels any time soon, according to Goldman, in large part because levels of housing distress remain quite low.

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Existing home sales were down 36% in December 2022. This is the biggest annual decline in decades.

But inventories remain historically low, despite significant rises:

Homes are now closing below the list price:

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Looking at months supply versus historical price appreciation, we are presently at about normal inventories.

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Current Declines in Single Family Permits Are Faster than Forecasted

Single family rental rates continue to ease.

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For the first time since pandemic response-induced inflation hit in 2020, worker’s real wages have turned positive.

Business closings are on the rise

Texas and Florida are Leading States with Population Younger than 10

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Sunlight is the best disinfectant

As people disocver just how much land will be required for wind and solar installations, they are rebelling. New wind installations plunged 77.5% in the third quarter of 2022 versus the same period the year before, according to S&P Global Market Intelligence. New utility-scale solar installations likely fell 40% in 2022 compared with 2021, according to a report from the Solar Energy Industries Association and research firm Wood Mackenzie. Around 19 gigawatts of wind and more than 60 gigawatts of solar were withdrawn from interconnection processes in 2020 and 2021, according to the national lab.

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Scott Davis

LOCATION STRATEGY, LLC

1302 Waugh Drive #178

Houston, Texas 77019

www.locationstrategyllc.com

832.304.DIRT (3478)