Before the 2017 Tax Cuts and Jobs Act, the State and Local Tax (SALT) deduction was uncapped for those who itemize Since, the SALT cap has been $10K But it's about to lapse House Republicans on Ways and Means are pushing to up it to $30K cnbc.com/2025/05/12/hou…

Monthly U.S. existing home sales totaled 349,000 in April 2025 That's -28% below the 448,000 existing home sales we've averaged for April since 2000 Table via ResiClub 🏡📊

ResiClub PRO's Housing Chart-Making 101 webinar—here's the recording ResiClub PRO members who missed the live May 19 session can find the recording and slideshow guide here: resiclubanalytics.com/p/resiclub-pro…

Are you a real estate investor? Do you own rental property? 🏠 If so, you’re invited to participate in the Stessa-ResiClub Real Estate Investor Survey: surveymonkey.com/r/DTQSTN8

Tiles at a United States Postal Service

U.S. housing market now has 500,000 more home sellers than homebuyers That’s the most homebuyers have outmatched home sellers in over a decade, according to Redfin

First, population growth in many pockets of the Sun Belt has been relentless over the past decade. BTR capital has chased that growth.

The text above is a 200-word sampling of a 3,000 word BTR report I just emailed ResiClub PRO members Where does single-family build-to-rent head in 2026 and beyond? ResiClub PRO members can find the full analysis from me +Meghan Malas here: resiclubanalytics.com/p/housing-mark…

“This was not a good spring” “Long-term tailwinds [for housing] are great, but short-term pressures are real” “Overall soft spring season” - said Douglas Yearley, CEO of Toll Brothers at today’s Bank of America Housing Symposium

I got to present my view on regional housing market dynamics and inventory today at Bank of America’s Housing Symposium If you’d like to see the 28-chart slideshow, email [email protected]

We're seeing widespread housing market softening—the biggest shift has been in the Sun Belt You can watch my conversation today with Charles V Payne here: foxbusiness.com/video/63738736…

Yardi expects BTR completions to rollover from the recent high Chart via ResiClub 🏡📊

maybe it's because so much of my personal world revolves around real estate and media, but the past 24 months have felt like one of the biggest disconnects I've ever seen between the 'real-world' labor market and the 'data-world' labor market

Since 1948, when BLS adopted its modern definition, the unemployment rate has been between 4.3% and 6.7% approximately 50% of the time. That’s what I call the 'historically normal level' We've been in the 'historically low level' (< 4.3%) for 43 straight months

David Lynch’s woodshop. Photograph by Kyle Hurley.

The state of the housing market in June 2025, as told by ResiClub We're holding our June 2025 webinar for ResiClub PRO members on Monday, June 23rd @ 3 pm ET resiclubanalytics.com/p/resiclub-pro…

Monthly home price analysis spanning over 800 metros and 3,000 counties ResiClub PRO members can access our report here: resiclubanalytics.com/p/monthly-hous…

Wired headphones are so much better than AirPods.

U.S. existing homes remain constrained Existing home sales, by May May 2017 -> 555K May 2018 -> 535K May 2019 -> 542K May 2020 -> 372K (lockdowns) May 2021 -> 528K May 2022 -> 499K May 2023 -> 408K May 2024 -> 405K May 2025 -> 389K

Housing entrepreneur worth following: Aleksandr Gampel He wants to reimagine the homebuilding process His firm—Cuby Technologies—builds mobile micro-factories that are then deployed to jobsites youtube.com/watch?v=o0qyyK…