Will Seattle's jobs per new housing ratio be lower by the end of 2024?
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I will be looking at the ratio of New Private Housing Units Authorized by Building Permits for Seattle-Tacoma-Bellevue, WA compared to the All Employees: Total Nonfarm in Seattle-Tacoma-Bellevue, WA (MSA) number.
Currently at market creation (2023/9/1) that number is:
2,166.2 (thousands) of employees
vs
1,181.74244 units
The ratio is:
1.834
At market close I will be looking at the latest FRED information for this data again as a proxy to see how housing growth is keeping pace with job growth.
If the ratio is LOWER at close this market resolves YES.
Otherwise this market resolves NO.
This question is managed and resolved by Manifold.
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