David Logan

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Articles

How Will the Labour Party Shape UK Nuclear Weapons Policy?

Dec 5, 2024 | belfercenter.org | David Logan |Mark Bell |Matthew Evangelista |Caitlin Talmadge

UK Prime Minister Kier Starmer’s Labour Party has signaled its “unshakeable” and “absolute” commitment to nuclear deterrence after sweeping to power in the United Kingdom in July. After 14 years of Conservative Party-led government, voters handed Starmer’s party a landslide victory on par with Prime Minister Tony Blair in 1997. Bolstered by an overwhelming majority of members of Parliament, Labour now has the mandate to make ambitious policy change across government.
Residential Building Material Prices Remain Relatively Unchanged in May

Jun 13, 2024 | eyeonhousing.org | Jesse Wade |David Logan

Inputs to residential construction, goods less food and energy, fell 0.09% over the month according to the most recent producer price index (PPI) report published by the U.S. Bureau of Labor Statistics. The index for inputs to residential construction, goods less food and energy, represents building materials used in residential construction. This was the first decrease in the index since October of last year. While the index fell over the month, it was 2.91% higher than May of last year.
Housing Costs Continue to Drive Price Gains

May 15, 2024 | eyeonhousing.org | Jing Fu |Eric Lynch |David Logan |Robert Dietz

Both overall and core inflation eased slightly in April amid higher costs for gasoline and shelter. On a year-over-year (YOY) basis, the shelter index rose by 5.5% in April, following a 5.7% increase in March. Despite a slowdown in the YOY increase, shelter costs continue to put upward pressure on inflation, accounting for nearly 70% of the total increase in all items excluding food and energy.
Mixed Price Changes for Building Materials in April

May 14, 2024 | eyeonhousing.org | Jesse Wade |Ashok Chaluvadi |David Logan

Inputs to residential construction, goods less food and energy, increased for the sixth consecutive month, according to the most recent producer price index (PPI) report published by the U.S. Bureau of Labor Statistics. The index for inputs to residential construction, goods less food and energy, represents building materials used in residential construction. The non-seasonally adjusted index increased 0.14% in April after increasing a revised 0.50% in March and 0.47% in February.
All-Cash Share of New Home Sales Remains Elevated in 2023

Jan 26, 2024 | eyeonhousing.org | David Logan

NAHB analysis of the most recent Quarterly Sales by Price and Financing report reveals that the all-cash purchases accounted for 8.4% of new home sales in 2023—a 1.3 percentage point decline over the year but still the second-highest share since 1991. In contrast, the share of new home sales backed by VA loans fell to a 16-year low of 4.8% in 2023 and has declined each of the past four years.
Building Materials Price Growth Plummets in 2023

Jan 12, 2024 | eyeonhousing.org | David Logan

According to the latest Producer Price Index report, growth in the average price level of inputs to residential construction less energy (i.e., building materials) fell from 15.0% in 2022 to 1.3% in 2023 (not seasonally adjusted). On a monthly basis, building materials prices rose 0.1% in December after increasing 0.1% in November (revised). Monthly price increases averaged 0.2% in 2023, down from 1.5% in 2021 and 0.7% in 2022.
Consumer Credit Outstanding Climbs as Credit Card Debt Surges

Jan 9, 2024 | eyeonhousing.org | David Logan

According to the Federal Reserve’s latest G.19 Consumer Credit report, total consumer credit outstanding totaled $5.00 trillion (seasonally adjusted) for the first time in November—a 5.7% monthly increase (seasonally adjusted annual rate). The increase reflected a 17.7% surge in revolving credit and a more modest 1.5% rise in nonrevolving credit (SAAR). The level of revolving debt (primarily credit card debt) rose $19.1 billion over the month.
Property Tax Revenue Continues to Climb

Dec 21, 2023 | eyeonhousing.org | David Logan

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $129 billion in taxes were paid by property owners in the third quarter of 2023 (not seasonally adjusted).[1] In the four quarters ending Q3 2023, state and local governments collected $757 billion of property tax revenue—an 11.6% increase over Q3 2022. The year-over-year growth rate of property tax revenue (trailing four-quarter total) has climbed from 1.7% to 11.6% since Q1 2022.
Building Materials Prices Inch Higher in November

Dec 13, 2023 | eyeonhousing.org | David Logan

According to the latest Producer Price Index report, the price level of inputs to residential construction less energy (i.e., building materials) increased 0.2% in November after declining 0.4% in October (revised, not seasonally adjusted). The index has increased 0.8% (NSA), year-to-date, marking the smallest YTD gain through November since it fell 0.2% over the first 11 months of 2019.
Consumer Credit Outstanding Edges Higher in October

Dec 11, 2023 | eyeonhousing.org | David Logan

According to the Federal Reserve’s latest G.19 Consumer Credit report, total consumer credit outstanding totaled $4.99 trillion (seasonally adjusted annual rate) in October, an increase of $5.1 billion over the month and $146.7 billion—or 3.0%–higher than October 2022. The monthly increase resulted from revolving and nonrevolving credit outstanding gaining 0.2% and 0.1%, respectively.