{"id":17976,"date":"2024-03-21T12:16:00","date_gmt":"2024-03-21T01:16:00","guid":{"rendered":"https:\/\/iloverealestate.tv\/?p=17976"},"modified":"2024-03-24T23:28:36","modified_gmt":"2024-03-24T12:28:36","slug":"building-sales-nosedive-as-container-rates-lift-the-economy-in-pictures","status":"publish","type":"post","link":"https:\/\/iloverealestate.tv\/building-sales-nosedive-as-container-rates-lift-the-economy-in-pictures\/","title":{"rendered":"Building sales nosedive as container rates lift: the economy in pictures"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"819\" src=\"https:\/\/iloverealestate.tv\/wp-content\/uploads\/2024\/03\/the-blowup-aS1NMjPZS10-unsplash-1024x819.jpg\" alt=\"\" class=\"wp-image-17993\" srcset=\"https:\/\/iloverealestate.tv\/wp-content\/uploads\/2024\/03\/the-blowup-aS1NMjPZS10-unsplash-1024x819.jpg 1024w, https:\/\/iloverealestate.tv\/wp-content\/uploads\/2024\/03\/the-blowup-aS1NMjPZS10-unsplash-300x240.jpg 300w, https:\/\/iloverealestate.tv\/wp-content\/uploads\/2024\/03\/the-blowup-aS1NMjPZS10-unsplash-768x614.jpg 768w, https:\/\/iloverealestate.tv\/wp-content\/uploads\/2024\/03\/the-blowup-aS1NMjPZS10-unsplash-1536x1229.jpg 1536w, https:\/\/iloverealestate.tv\/wp-content\/uploads\/2024\/03\/the-blowup-aS1NMjPZS10-unsplash-2048x1639.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><em>See the world through the eyes of an economist: Approvals, sales, business confidence and container rates.<\/em><\/p>\n\n\n\n<p>These are the charts that caught my eye this week. First up, building approvals continue to nose-dive and detached building sales remain in the gutter. There\u2019s no signs here that we\u2019ll be building our way out of the crisis anytime soon.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"235\" height=\"204\" src=\"https:\/\/iloverealestate.tv\/wp-content\/uploads\/2024\/03\/Picture1-4.png\" alt=\"\" class=\"wp-image-17977\"\/><\/figure>\n\n\n\n<p>Which leaves Australia with a chronic housing shortage. The rental vacancy rate remained at record lows during the week, which correlates with super-charged rental growth. This will continue for some time yet.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"233\" height=\"198\" src=\"https:\/\/iloverealestate.tv\/wp-content\/uploads\/2024\/03\/Picture2-3.png\" alt=\"\" class=\"wp-image-17978\"\/><\/figure>\n\n\n\n<p>The NAB Business Survey showed that businesses are pretty ambivalent about current trading conditions. They\u2019re not bad, but they\u2019re not good either.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"407\" height=\"327\" src=\"https:\/\/iloverealestate.tv\/wp-content\/uploads\/2024\/03\/Picture3-2.png\" alt=\"\" class=\"wp-image-17979\" srcset=\"https:\/\/iloverealestate.tv\/wp-content\/uploads\/2024\/03\/Picture3-2.png 407w, https:\/\/iloverealestate.tv\/wp-content\/uploads\/2024\/03\/Picture3-2-300x241.png 300w\" sizes=\"(max-width: 407px) 100vw, 407px\" \/><\/figure>\n\n\n\n<p>That said, a growing share of employers expect to increase staff over the next three months, with very few expecting to decrease staff numbers. This should stop the unemployment rate lifting too far.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"605\" height=\"541\" src=\"https:\/\/iloverealestate.tv\/wp-content\/uploads\/2024\/03\/Picture4-3.png\" alt=\"\" class=\"wp-image-17980\" srcset=\"https:\/\/iloverealestate.tv\/wp-content\/uploads\/2024\/03\/Picture4-3.png 605w, https:\/\/iloverealestate.tv\/wp-content\/uploads\/2024\/03\/Picture4-3-300x268.png 300w\" sizes=\"(max-width: 605px) 100vw, 605px\" \/><\/figure>\n\n\n\n<p>Finally, container shipping rates remain elevated. They spiked during the outbreak of tensions in the Middle East, and haven\u2019t come back down. We\u2019re still nowhere near Covid levels, but it does show how vulnerable the economy is to shocks. Another trade shock now could see container rates spike again, triggering a fresh round of inflation. But for now, we\u2019re fine.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"698\" height=\"625\" src=\"https:\/\/iloverealestate.tv\/wp-content\/uploads\/2024\/03\/Picture5-2.png\" alt=\"\" class=\"wp-image-17981\" srcset=\"https:\/\/iloverealestate.tv\/wp-content\/uploads\/2024\/03\/Picture5-2.png 698w, https:\/\/iloverealestate.tv\/wp-content\/uploads\/2024\/03\/Picture5-2-300x269.png 300w\" sizes=\"(max-width: 698px) 100vw, 698px\" \/><\/figure>\n\n\n\n<p>And that\u2019s how the world looks through the eyes of an economist this week.<\/p>\n\n\n\n<p>DB.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>See the world through the eyes of an economist: Approvals, sales, business confidence and container rates. These are the charts that caught my eye this week. First up, building approvals continue to nose-dive and detached building sales remain in the gutter. There\u2019s no signs here that we\u2019ll be building our way out of the crisis [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17993,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[74,1],"tags":[],"_links":{"self":[{"href":"https:\/\/iloverealestate.tv\/wp-json\/wp\/v2\/posts\/17976"}],"collection":[{"href":"https:\/\/iloverealestate.tv\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iloverealestate.tv\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iloverealestate.tv\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iloverealestate.tv\/wp-json\/wp\/v2\/comments?post=17976"}],"version-history":[{"count":1,"href":"https:\/\/iloverealestate.tv\/wp-json\/wp\/v2\/posts\/17976\/revisions"}],"predecessor-version":[{"id":17994,"href":"https:\/\/iloverealestate.tv\/wp-json\/wp\/v2\/posts\/17976\/revisions\/17994"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/iloverealestate.tv\/wp-json\/wp\/v2\/media\/17993"}],"wp:attachment":[{"href":"https:\/\/iloverealestate.tv\/wp-json\/wp\/v2\/media?parent=17976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iloverealestate.tv\/wp-json\/wp\/v2\/categories?post=17976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iloverealestate.tv\/wp-json\/wp\/v2\/tags?post=17976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}