KCM Desk

KCM Desk

The KCM Desk is the research and editorial operation behind Keep Chicagoland Moving, a publication of TAK Marketing, LLC. It's a desk, not a person: coverage is produced through intensive Chicago-focused research across public data, agency documents, and local reporting, then reviewed and edited before it publishes. How we work, in detail: keepchicagolandmoving.com/methodology/

New-Home Sales Fell 6.2 Percent in April, Give or Take 12.8. Chicago’s Own Records Are Counts, Not Estimates.

A Chicago street of two-flats and greystones with a new building under construction mid-block

The Census Bureau put April new-home sales 6.2 percent below March, and printed a margin of error of 12.8 beside it. By the agency's own test neither that change nor the year-over-year one is statistically significant. Chicago's deed and permit records are counts rather than estimates: median prices up 18 to 29 percent off their 2023 floor, permits at a five-year high, sales up 22 percent on a like-for-like January-to-April window. Plus the 59 percent collapse we nearly published, and why it was an artifact.

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