Archive - The Real Signal - Housing + Real Estate + Macro

August 2025

The Real Signal #148 - Most Consequential Real Estate Event This Decade

Plus: Covid Era Migration Patterns and Reversal And Multifamily Starts

Aug 30 •

The Real Signal #147 - Bifurcated For Sale Housing Market

Plus: US Bankruptcies In Acceleration And San Francisco In Recovery

Aug 23 •

The Real Signal #146 - Real Estate Set To Soar After One Big Beautiful Bill

Plus: The Rumors Of My Demise Have Been Greatly Exaggerated And Investors Warming Up To Build-To-Rent

Aug 16 •

The Real Signal #145 - Real Tariff Effects On Construction Costs

Plus: Housing Market Shortages and Jobs Least Impacted By AI

Aug 9 •

The Real Signal #144 - Long Term Growth Of Multi-Generational Households

Plus: Apartment Rent and Supply Extremes And Inflation: Have We Been Cooking the Books?

Aug 2 •

July 2025

The Real Signal #143 - Housing Need Most Acute In Middle Income Demographic

Plus: Wage Growth Continues To Outpace Rent Growth And News Of AI Tech Layoffs Premature

Jul 26 •

The Real Signal #142 - Three Year Low In Housing Production

Plus: Misguided Rental Inflation Numbers And Conference Board Signal Recession

Jul 19 •

The Real Signal #141 - Renting At Best Value Ever — Positive Multifamily Signal

Plus: Dollar Valuation - Bottom or Further to Fall? and US Manufacturing Signal - Flat and Low

Jul 12 •

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