Latest Blog: "Everything Human is ... - 11/18/2022
Investment Insights are written by Angeles' CIO Michael Rosen
Michael has more than 30 years experience as an institutional portfolio manager, investment strategist, trader and academic.
HOUSING HAS LEGSPublished: 05-24-2016
Surprisingly strong housing numbers out this morning: new single-family homes rose 16.6% in April to an annual pace of 616,000 (see chart below), well above expectations, and up 23.8% over the past year. Supply of new homes fell to just 4.7 months, all due to faster sales (inventories were flat). Sales are up strongly in the Northeast, solidly in the South and West, although down in the Midwest. The median ($321,100) and average ($379,800) prices jumped 9.7% and 13.5%, respectively, the last year.
There is more to come. The graph below shows the data from 1963. We may never reach the 2005 peak of 1.328 million (or, maybe we will), but housing will continue to strengthen because job growth and wages are rising, and home ownership is still low. Housing has legs.
Falling Behind 08-25-2016
It's good to be tall.Tall people tend to be more highly educated, earn more over their careers, are higher in the social ...READ MORE
The following item caught my eye on Bloomberg:Los Angeles City Employees' Retirement System is scheduled to discuss a ...READ MORE
Fireside Reading 12-15-2020
Since my last update a few months ago (https://www.angelesinvestments.com/institutional-insights/still-beach-reading), ...READ MORE
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