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Commodity Scoreboard: Uranium and Silver Led the Way in Q1 [Chart]

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Commodity Scoreboard: Uranium and Silver Led the Way in Q1 [Chart]

Commodity Scoreboard: Uranium and Silver Led the Way in Q1 [Chart]

The Chart of the Week is a weekly Visual Capitalist feature on Fridays.

The overall commodities market (S&P GSCI) tanked -5.1% in Q1, weighed on by fossil fuels with oil and natural gas down -11.7% and -7.1% respectively. However, it was a different energy-related commodity that had the last laugh.

Uranium quietly led the pack in Q1 with an impressive 11.6% gain. It is trading close to the $40 per pound level, which is a sizable increase from the $30 level it was trading at last summer. JPMorgan sees the price averaging $42 this year, and moving to a spot price of $50 in 2016.

On the precious metals front, the gold/silver ratio fell to a low of 70 near the end of March, with silver up 5.7% on Q1 in total. Recent movement has brought this back to closer to the 73 level.

Gold had finished flat in the quarter in USD, but as many market commentators have noted, it is actually appreciating in value versus the majority of currencies. It is the relative strength of the USD that is concealing this stealth bull market in the yellow metal.

Oil, which struggled the most in Q1 and bottomed in early March, has seen some life recently as the decrease in rig count has started to “taper”. That said, there is still vast oversupply in especially the US market with production in America at its highest level since 1972.

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Mapped: The World’s Least Affordable Housing Markets in 2024

See which housing markets are considered ‘impossibly unaffordable’ according to their median price-to-income ratio.

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The World’s Least Affordable Housing Markets in 2024

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Many cities around the world have become very expensive to buy a home in, but which ones are the absolute most unattainable?

In this graphic, we highlight a number of housing markets that are deemed to be “impossibly unaffordable” in 2024, ranked by their median price-to-income ratio.

This data comes from the Demographia International Housing Affordability Report, which is produced by the Chapman University Center for Demographics and Policy.

Data and Key Takeaway

The median price-to-income ratio compares median house price to median household income within each market. A higher ratio (higher prices relative to incomes) means a city is less affordable.

See the following table for all of the data we used to create this graphic. Note that this analysis covers 94 markets across eight countries: Australia, Canada, China, Ireland, New Zealand, Singapore, the United Kingdom, and the United States.

RankMetropolitan MarketCountryMedian price-to-income
ratio
1Hong Kong (SAR)๐Ÿ‡จ๐Ÿ‡ณ China16.7
2Sydney๐Ÿ‡ฆ๐Ÿ‡บ Australia13.8
3Vancouver๐Ÿ‡จ๐Ÿ‡ฆ Canada12.3
4San Jose๐Ÿ‡บ๐Ÿ‡ธ U.S.11.9
5Los Angeles๐Ÿ‡บ๐Ÿ‡ธ U.S.10.9
6Honolulu๐Ÿ‡บ๐Ÿ‡ธ U.S.10.5
7Melbourne๐Ÿ‡ฆ๐Ÿ‡บ Australia9.8
8San Francisco๐Ÿ‡บ๐Ÿ‡ธ U.S.9.7
9Adelaide๐Ÿ‡ฆ๐Ÿ‡บ Australia9.7
10San Diego๐Ÿ‡บ๐Ÿ‡ธ U.S.9.5
11Toronto๐Ÿ‡จ๐Ÿ‡ฆ Canada9.3
12Auckland๐Ÿ‡ณ๐Ÿ‡ฟ New Zealand8.2

According to the Demographia report, cities with a median price-to-income ratio of over 9.0 are considered โ€œimpossibly unaffordableโ€.

We can see that the top city in this ranking, Hong Kong, has a ratio of 16.7. This means that the median price of a home is 16.7 times greater than the median income.

Which Cities are More Affordable?

On the flipside, here are the top 12 most affordable cities that were analyzed in the Demographia report.

RankMetropolitan MarketCountryMedian price-to-income
ratio
1Pittsburgh๐Ÿ‡บ๐Ÿ‡ธ U.S.3.1
2Rochester๐Ÿ‡บ๐Ÿ‡ธ U.S.3.4
2St. Louis๐Ÿ‡บ๐Ÿ‡ธ U.S.3.4
4Cleveland๐Ÿ‡บ๐Ÿ‡ธ U.S.3.5
5Edmonton๐Ÿ‡จ๐Ÿ‡ฆ Canada3.6
5Buffalo๐Ÿ‡บ๐Ÿ‡ธ U.S.3.6
5Detroit๐Ÿ‡บ๐Ÿ‡ธ U.S.3.6
5Oklahoma City๐Ÿ‡บ๐Ÿ‡ธ U.S.3.6
9Cincinnati๐Ÿ‡บ๐Ÿ‡ธ U.S.3.7
9Louisville๐Ÿ‡บ๐Ÿ‡ธ U.S.3.7
11Singapore๐Ÿ‡ธ๐Ÿ‡ฌ Singapore3.8
12Blackpool & Lancashire๐Ÿ‡ฌ๐Ÿ‡ง U.K.3.9

Cities with a median price-to-income ratio of less than 3.0 are considered “affordable”, while those between 3.1 and 4.0 are considered “moderately unaffordable”.

See More Real Estate Content From Visual Capitalist

If you enjoyed this post, be sure to check out Ranked: The Most Valuable Housing Markets in America.

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