Logan Mohtashami: It’s no longer labor over inflation
Summary
HousingWire Daily features lead analyst Logan Modashami, who revises his "labor over inflation" thesis due to resilient job growth and rising inflation pressures from geopolitical conflicts. He discusses the Federal Reserve’s hawkish stance, the likelihood of rate hikes, and the potential elimination of forward guidance under new leadership. The episode also covers resilient mortgage demand, the divergence between tight homeownership and loose rental markets, and industry consolidation highlighted by Berkshire Hathaway’s acquisition of Taylor Morrison.
Topics discussed
Intro and top 5 trending housing stories
Why 'labor over inflation' thesis has changed
Inflation growth, Fed policy, and rate hike risks
Kevin Warsh, killing the dot plot, and Fed guidance
2026 mortgage demand scorecard and resilience
Rental vacancies, rent growth, and homeownership
Industry consolidation and Berkshire Hathaway deal
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