Analysis: New York, Michigan, Pennsylvania, Illinois see sharpest drop in residential building during pandemic – Center Square

A dramatic decline in new housing unit authorizations now indicates that there will be a prolonged slowdown in new home construction in the coming months—the average time between permit issue and the start of construction is about 1-2 months.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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