Tuesday morning news drop
Quitting is just half the story: the truth behind the ‘Great Resignation’ Workers left their jobs at historic rates, with a record 4.5m quits at the end of November – but it happened against an economic picture that remains difficult to interpret (The Guardian)
What We Learned About the Economy in 2021 For once, the government tried overheating the economy. For better and worse, it succeeded. (Upshot)
Supply-Chain Issues Leave New Homes Without Garage Doors and Gutters: Home builders blame bottlenecks for huge backlog of uncompleted homes (Wall Street Journal)
U.S. Cities With the Most High-Density Housing Builders respond to market conditions when determining what types of structures to build. When demand—and prices—for single-family residences are high, builders are less likely to work on high-density projects. For most of the decade after the Great Recession, high-density units accounted for about one-third of new authorized units, peaking at 38.4% in 2015. (Construction Coverage)
Foreign Buyers Own 1 In 10 Recently Built Condos In Canada, 1 In 20 Homes In Total Canadian real estate might have a lot more foreign owners than previously thought. Diving through Statistics Canada (Stat Can) data, we found non-resident participation in homeownership soared in 2020. Non-resident buyers have a small share in property transfer records, but foreign capital is pouring in. In the four provinces tracked, about 1 in 10 recently built condos have a foreign owner. (Better Dwelling)
Electric cars aren’t just vehicles. They’re big batteries. To get more Americans in electric vehicles, we all need to realize they can do much more than just get us around. (Recode)
Canada has committed to halt financing to the oil and gas industry. To understand what that really means, watch for the fine print A global movement to permanently separate the oil and gas industry from the public purse appears to be gaining momentum, with an overarching objective of repurposing funds to promote renewable energy (Globe and Mail)
