• More on Labor Force

    by  • 2014/10/14 • 0 Comments

    Just time for a brief post right now. Obviously the major driver of the situation in western North Dakota is oil, oil prices to be precise. So what exactly is that relationship like? Here is a graph of Williston labor force and oil prices: The oil prices are for West Texas Intermediate Crude. There...

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    Fun with numbers

    by  • 2014/10/13 • 1 Comment

    People think stats is a boring topic in general, and I do not understand those people at all. Here is an example: This is the frequency of scoring by time of the game for the University of North Dakota men’s hockey team in 2013-14 regular season games, both home and away. Why? Well, because...

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    Labor Force Projections in ND

    by  • 2014/10/08 • 2 Comments

    Last week I was part of a business roundtable for Congressman Kevin Cramer. There were several topics discussed but I presented some information about the labor force in the North Dakota metropolitan and micropolitan areas. I calculated three-year and one year monthly growth rates and then projected out the labor force based on those...

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    Home Vacancy Rate

    by  • 2014/10/02 • 0 Comments

    I thought I would switch focus a little bit on the housing issue. The discussion largely is a matter of price and availability. As I mentioned before, we really do not have a large number of sales that give us the ability to suggest markets are working well at any given time in most...

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    Quick NFL Post – Radio follow up

    by  • 2014/09/25 • 0 Comments

    If you heard the first part of my appearance on the Jarrod Thomas Show today you probably thought you got the radio station wrong. The topic was sports, and NFL football in particular. This is clearly not my favorite topic. I am not an NFL fan or viewer, but the question asked, more of...

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    Home Prices: Who wins?

    by  • 2014/09/25 • 0 Comments

    So I am jumping ahead a bit. There is much more to discuss as far as the implications of home price increases. I just read a fantastic article that correlates home price changes with changes in local fertility rates and so will look at Grand Forks in those terms too. However, the question was...

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    Deeper than price alone

    by  • 2014/09/23 • 0 Comments

    A proper investigation of issues in housing requires a look beyond the price. As I mentioned, price can be indicative of an issue, but is not the source or cause of the issue. In the same way your sore throat may be caused by a sinus infection, if you fail to look for the...

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    Home Price Calculations

    by  • 2014/09/23 • 0 Comments

    The recent GF Herald article about housing prices brings to the forefront an issue with housing price calculations. The Herald used index numbers based on sales, which is problematic. What was the composition of sales in a given month? If there were only high value homes there could be sample issues. Also, when you...

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    What price clarity?

    by  • 2014/09/22 • 0 Comments

    As a topic, the economics of housing in North Dakota creates a significant amount of debate. This debate lacks consistency, ground rules, and facts. Most of the discussion takes place under the umbrella term of “affordable housing.” On numerous occasions I indicated the inadequacy of this term. The first problem is that it seems assumed...

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    How about some fire scarecrow?

    by  • 2014/09/22 • 0 Comments

    We reached that level finally. The straw man of a housing price issue in Grand Forks (and North Dakota for that matter)pushed us all into the merry old land of Oz. The article in the Grand Forks Herald (September 21, 2014 “A price problem?) is the latest effort in a litany of faulty economic reasoning....

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    Behavior & Incentives

    by  • 2014/09/10 • 2 Comments

    Domestic abuse in the NFL seems to be the story that will not end. There are just too many plot twists or turns apparently. I have very little to say on the matter except I did discuss it with students so here is what I told them. First, I am amazed on the shock...

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