Quote:
Originally Posted by Pedestrian
I read a lot of denial but no better data from those most insistent that it’s wrong. Last year is “ancient history”? 2022 isn’t even half over. Of course there’s no data yet. But I do agree it could show a reversal of the trend when it’s available a year from now.
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Sure we have data. I can tell you what the apartment vacancy rate was on Friday afternoon for any metro or neighborhood. The residential real estate industry has their measures too. And there's tons of relatively recent data on building permits and construction volumes.
Rule #1 for data is to be skeptical and consider context. Rule #2 is to find good and current data where possible, rather than relying on ancient history. Population data is always a very lagging indicator, mostly useful as history.
Further, do you realize that you're talking about 7/1/20 to 7/1/21? First, that's old. Second, you might recall that COVID-19 was at its heights (how soon people forget...), so a lot of people were obviously living in temporary conditions.