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The decline in average advertising rates reflects the fact that demand simply can't keep up with the pace of supply.
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Chinese growth looks set to remain strong, even though the government is trying to reduce the pace of money supply growth.
And once again, national employment in tradables expands no faster than the pace of housing supply growth in highly productive cities. Value added can continue to rise in those cities, however, but much of it is redirected to employment growth in lower productivity non-tradable sectors.
At April's sales pace, the supply of new homes on the market dropped to 6.5 months' worth, the lowest since April last year, from 7.2 months' worth in March.
At February's sales pace, the supply of existing homes on the market rose to 8.6 months' worth from 7.5 in January.
At March's sales pace, the supply of existing homes on the market slipped to 8.4 months' worth, from 8.5 months in February.
Despite August's unchanged sales pace, the supply of new homes on the market dipped to 8.6 months' worth from 8.7 months' worth in July.
The demand for web developers continues to out pace the supply of qualified web developers.
Over the last five years, electricity consumption in this nation of 170 million has grown at a 5.3percentt annual pace, far exceeding the growth of supply.
Using the U.S. as the benchmark for the industrialized world, the data suggest that the potential future demand for oil is so staggering that the odds of supply keeping pace seem almost insurmountable.
The rapid pace of construction is stretching supply chains and subsidy regimes.
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