1128: New Apartment Construction, 2018 Review/2019 Prediction by Dr David Collum

Jason Hartman begins today's episode with a look at the number of new apartments that were constructed in the USA in 2018. The number is the largest since the 1980s, but does that mean we're overbuilt and what does that mean to single family rentals?

Then, Jason talks with Dr David Collum, Professor at Cornell University, about his 2018 Year in Review report and what he's expecting in 2019. The two tackle the skewed CPI numbers, the impact of stock buybacks and how the next unwinding in our economy is going to happen.

Key Takeaways:

[3:50] 267,900 apartment units were completed last year, the most since sometime in the 80s

[10:45] How much men and women spend on their partner for Valentine's Day

[12:27] Married home owners are seeking roommates to help pay rent

Dr David Collum Interview:

[17:12] What happened in 2018, economically speaking?

[21:44] CPI numbers started getting skewed in the 1970s

[25:55] Is there any gain from stock buybacks?

[29:37] Ultra low rates allowed institutional investors to come in to the single family housing market

[34:00] How the next unwinding will happen

Websites:

David Collum at Cornell