On the Eve of the Pandemic: U.S. Migration at an All-Time Low
The most recent Census data on migration shows the continuation of a decades-long decline in migration in the United States, according to analysis by William H. Frey. December 27, 2020, 9am PST | James Brasuell |
The U.S. Census Bureau released a fresh batch of Current Population Survey Annual Social and Economic Supplement data, bringing the data current to the pandemic s doorstep. William H. Frey provides insight and analysis from the data dump, noting that the continuing trend of declining migration is likely to change in 2020 but there are no Census data to show those changes yet.
New Home Prices Rising Faster Than Median Household Income
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The median sale prices of new homes sold in the U.S. has begun rising slightly faster than median household income in the last several months, indicating that new homes have become slightly less affordable than they were earlier this year.
Measured as the ratio of the trailing twelve month averages of monthly median new home sale prices and median household income, the median sale price of new homes sold in the U.S. has slowly risen from a low of 4.88 times median household income in April and May 2020 to a high of 4.95 times median household income in September and October 2020. The following chart shows the developing rising trend in the context of the available historical data for both data series since 1968. (Please click here to see a full-size version of the chart).