A continuing increase in new single-family house sales has fueled the substantial increase in the NAHB/Wells Fargo Housing Market Index (HMI) to 46 in November. This indicates that nearly one half of surveyed home builders are positive about future sales of single family houses. This is a strong increase from the HMI of 41 in October. The HMI had reached its low point in the midst of the housing bus in January 2009 at 8 and is now higher than at any point in more than six years. read more »
Blogs
Election: "Stop Portland Creep" Resonates in Suburbs
Election results from all three of Portland, Oregon's largest suburban counties indicate a reaction against what has been called "Portland Creep," the expansion of the expansive light rail system without voter approval and the imposition of restrictive densification measures by Metro, the regional land-use agency. read more »
Uniting a Fractured Republic: Innovation, Pragmatism, and the Natural Gas Revolution
Over the last four years, emissions in the United States declined more than in any other country in the world. Coal plants and coal mines are being shuttered. That's not from increased use of solar panels and wind turbines, as laudable as those technologies are. Rather it's due, in large measure, to the technological revolution allowing for the cheap extraction of natural gas from shale. By contrast, Europe, with its cap and trade program, and price on carbon, is returning to coal-burning. read more »
Honolulu Rail Project Legal Problems Mount
According to the Hawaii Reporter, Honolulu's rail transit project has lost a major legal test in The Federal Ninth Circuit Court, as Judge Wallace Tashima ruled in HonoluluTraffic.com v. Federal Transit Administration et al read more »
The Future of Passenger Rail in America
On October 19, an Amtrak passenger train hit 111 mph in a test run on a 15-mile stretch of track between Dwight and Pontiac, Illinois. It was the first tangible return from a three-year $1.5 billion program of improvements funded under the Administration's high-speed rail initiative. The program hopes to shave about an hour off the 5 ½ hour rail trip between Chicago and St. Louis. Transportation Secretary Ray LaHood and Illinois Gov. Pat Quinn who were aboard, called it a "historic" event. read more »
Warnings of an "infrastructure Crisis" are Meeting with Skepticism
Is the "infrastructure crisis" a myth or a reality? read more »
BBC Monster Traffic Jam List Includes Lexington, Kentucky? Really?
The British Broadcasting Corporation (BBC) has just published a list of 10 "monster commutes" around the world. Some are to be expected, and are usually found on any list of extreme traffic congestion, such as Jakarta, Bangkok, Manila, Mumbai, Seoul, Nairobi and Dhaka. read more »
Chicago Tribune Joins the Ranks of High-speed Rail Critics
Last year, in congressional testimony before the House Transportation and Infrastructure Committee hearing on high speed rail, we cited the Chicago-to-St.Louis "high-speed rail" project as an example of the Administration's wasteful use of its economic stimulus money. We pointed out that the $1.4 billion program of track upgrades will allow top speed of 110 mph but will raise average speeds of Amtrak trains between Chicago and St. Louis by only 10 miles per hour, from 53 to 63 mph. read more »
Census Bureau Finds 3.2 Million More People in Salt Lake City?
Today the US Bureau of the Census released a fascinating report on metropolitan area population growth by radius from the corresponding city halls. The report provides summary tables indicating the metropolitan areas that had the greatest and least growth, for example, near the downtown areas. I was surprised to find that Salt Lake City had done so well, having seen is population rise from 336,000 to 355,000 within a two mile radius of city hall (Table 3-7). That struck me as odd. read more »
USC Extorted by the City of Los Angeles
With California State Redevelopment Agency money gone, the city of Los Angeles ought to welcome new large-scale private development, and the economic stimulus and job creation it brings, with open arms. City Hall, faced with an anemic municipal budget, could also use the increased tax revenue. One such project that would help abate the city’s budget woes and create new jobs for the city is the University of Southern California’s proposed $1.1 billion “The Village at USC” project. read more »