Housing Bubble, credit bubble, public planning, land use, zoning and transportation in the exurban environment. Specific criticism of smart growth, neotradtional, forms based, new urbanism and other top down planner schemes to increase urban extent and density. Ventura County, California specific examples.
Tuesday, March 07, 2017
GDPNow following past Q1 Pattern
Latest forecast: 1.3 percent — March 7, 2017
The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2017 is 1.3 percent
on March 7, down from 1.8 percent on March 1. The forecasts for
first-quarter real personal consumption expenditures growth and real
nonresidential equipment investment growth fell from 2.1 percent and 9.1
percent, respectively, to 1.8 percent and 7.3 percent, respectively,
after Thursday's motor vehicles sales release from the U.S. Bureau of
Economic Analysis. The forecast of the contribution of inventory
investment to first-quarter growth fell from -0.50 percentage points to
-0.72 percentage points after yesterday's manufacturing report from the
U.S. Census Bureau.