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Pic-of-the-Week: Does Expensive Housing = High Living Costs?

The cost of living in a state typically reflects housing costs, but not always – The variation in housing costs across the 50 states is remarkable. The average value of a single family owner-occupied home in the U.S. ranges from a low of $145,000 in Oklahoma to a high of $877,000 in Hawaii.  Similarly, the overall cost of living in Hawaii is 17% above the national average but is 10% below in Oklahoma. Yet per capita personal income is only about 10% higher in Hawaii. 

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Pic-of-the-Week: Little Rebound in Construction Outside Residential (06/09/2014)

Residential construction rebound remains strong, but few other sectors showing gains – The recession took a deep toll on U.S. construction activity. Total activity declined by more than one-third from a $1.2 trillion annual pace to just $750 billion. The rebound began in early 2011 and has been steady, though far from spectacular. The pace of growth is much slower than the boom years prior to the recession, and activity has recovered less than half of the ground lost in the downturn. 

So, what is doing well, and what isn’t?

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U.S. Marketed Natural Gas Production By Region

Pic-of-the-Week: Like Crude, U.S. Natural Gas Gains are Highly Concentrated (06/02/2014)

Natural Gas Production Gains Since 2005 are Highly Concentrated in Only a Few States – U.S. natural gas production has increased by nearly 50% since 2005, from about 18 trillion cubic feet to nearly 27 trillion cubic feet annually.
Domestic crude oil production is similarly up about 50% since 2009.

Texas remains the largest player, with production up 50% the 

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Pic-of-the-Week: U.S. Crude Gains Concentrated in Few States (05/27/2014)

The Ongoing Surge in U.S. Crude Production is Highly Concentrated in Only a Few States – U.S. crude production has surged by more than 50% since 2009, from about 1.8 billion barrels to 2.8 billion barrels annually.

The geography underlying the oil produced in the U.S. each year is now roughly 1 billion barrels from Texas; 700 million barrels combined from 

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Pic-of-the-Week: U.S. Crude Production Finally Surpasses Imports (05/19/2014)

U.S. Crude Independence Takes Important First Step – Surging domestic crude production finally surpassed the level of imports in early 2014. The roughly 1 billion barrel increase (50%+ gain) in annual production since late 2009 is mirrored by a 1 billion barrel decline in annual crude imports. The value of this production-for-imports swap is approximately $100 billion annually at current oil prices.

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