Since 2003, I have provided a chart that appears once a month in the Economic Spotlight section of Crain’s New York Business magazine. Here is this month’s chart appearing in the current issue of Crain’s New York Business.

Source: Crain’s New York Business


Go here for a complete archive of all my Crains’s New York Economic Spotlight charts. They are organized by year.


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2 Responses to “Crains New York Business Economic Spotlight Chart – November 2006”

  1. John K says:
    November 20, 2006 at 9:25 pm

    You say in your Times article today that there can never be a “glut” of inventory on the market, because developers will hold back some of their available units until they are sure the market can absorb them.

    Then how can we determine whether there is an “excess” inventory, of built but not sold units?

  2. Jonathan J. Miller says:
    November 21, 2006 at 7:31 am

    John, Its pretty dicey. It has been a long standing marketing decision by developers to release blocks of units into the public domain to create urgency. This is done in good times and bad. A 200 unit building would perhaps only have 25 units available at anyone time. I bank on consistency. Since this has been for years, and projects are in various stages of release, the consistency is there meaning that the “trend is your friend”. I get more out of inventory stats showing the pace of growth, rather than the actual numbers. That means that the absorption numbers in our market are higher than they actually are.

    (?) what a great idea for a post! Thanks John!