Will Seattle's jobs per new housing ratio be lower by the end of 2024?
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I will be looking at the ratio of New Private Housing Units Authorized by Building Permits for Seattle-Tacoma-Bellevue, WA compared to the All Employees: Total Nonfarm in Seattle-Tacoma-Bellevue, WA (MSA) number.

Currently at market creation (2023/9/1) that number is:
2,166.2 (thousands) of employees
vs
1,181.74244 units

The ratio is:
1.834

At market close I will be looking at the latest FRED information for this data again as a proxy to see how housing growth is keeping pace with job growth.

If the ratio is LOWER at close this market resolves YES.
Otherwise this market resolves NO.

#YIMBY
#Housing markets
#Seattle
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I wish. It's a weird feeling - I grew up in Seattle, moved out about a decade ago when I moved out of my parents' house, and I probably can't ever afford to live there again unless UW approaches me with a tenure-track job offer once I've got my PhD.

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