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JedKolko

  1. Not moving to where jobs are. WSJ.com - What Workers Lose By Staying Put on.wsj.com/LOpw78
  2. On state spend per capita: high cost of living in CA makes $1 go less. Fairer to compare vs income? @keynesianr
  3. FHFA home price index UP 0.5% yoy using Fan/Fred loans but DOWN 1.3% using broader set of homes. Wonky details matter.
  4. More home searches toward HIGHER unemployment areas than other way around, too. bit.ly/JVzBw1 @berubea1
  5. New homes are small share of sales but the construction jobs they create help economic recovery. @NickTimiraos
  6. Inventories typically 2.3% higher in Apr than Mar: bit.ly/yOWi8M NAR: NSA inv up 9.5% vs Mar.
  7. Inventory & months of supply are not seasonally adjusted. So, compare yoy: 6.6 mo Apr'12 vs 9.1 mo Apr'11.
  8. Median price changes do not adjust for the mix of homes sold, which is also changing. @RWhelanWSJ
  9. Delinquency + foreclosure rate down from peak, but still only 37% of the way back to "normal" level. @diana_olick
  10. Bcz of error margins, take a longer view of home starts: bit.ly/Idx9S9 @DavidHilzenrath
  11. Men have made cooking a selfish act. WSJ.com - A Real Man's Place Is in the Kitchen on.wsj.com/KKnCBI
  12. Facebook effect on SFBayArea housing: be careful what you wish for! bit.ly/JU1Yco @NickTimiraos
  13. Job? What job? Home searchers are looking in markets with higher unemployment than where they live. bit.ly/JVzBw1
  14. People love space more than they hate sprawl. House hunters are looking toward the suburbs. bit.ly/JVzBw1
  15. Foreclosures down 29% in April yoy in non-judicial states, but up 15% in judicial states. realtytrac.com/content/forecl…
  16. We really needed another example of housing policy falling short. Needy States Use Housing Aid Cash to Plug Budgets nytimes.com/2012/05/16/bus…
  17. @filipspagnoli @justinwolfers Builders needed strong signals from sales/invt/prices to have confidence in recovery.
  18. The real builders' confidence measure is the increase in construction starts: actions speak louder than words.